immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Oil Exports: Recession Insecurities and Petroleum Industry

oil exports: It calls for pipeline expansion east and west, as well as south, according to Rabble. The NDP government wants to end the boom-and-bust cycle of dependence on oil and gas prices, by re-cycling resource revenues into a knowledge-based economy. The United Conservative Party UCP opposition stands for doubling down on the historic economic strategy of supporting the petroleum industry and promoting oil exports. It wants Alberta to have a more diversified economy and supports investment in high-tech industries such as artificial intelligence and in alternative energy sources. The Jason Kenney-led UCP are playing on the fears, anger, and anxiety of citizens who have been dealing with recession insecurities. Alberta is still recovering from a vicious recession caused by a deep fall in oil prices. (www.immigrantscanada.com). As reported in the news.