Notley leaves Alberta oil industry hanging on output-cut idea - News Summed Up

Notley leaves Alberta oil industry hanging on output-cut idea


Alberta Premier Rachel Notley reiterated her call for Canadians to support new oil pipelines and improve two energy bills at a speech in Toronto, but made no mention of whether she’ll mandate crude-production cuts. Alberta Premier Rachel Notley delivers a speech in Ottawa, Wednesday November 28, 2018. That compared with a gain of just 0.8 per cent for the S&P 500 Energy Index of U.S. stocks. Notley has previously said that her administration is studying the output-cut idea and hasn’t ruled it out. “There is value to this investment and not only from the most immediate perspective, but also as a hedge against further pipeline delays,” Notley said on Thursday.


Source: thestar November 29, 2018 20:03 UTC



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