A University of Calgary research paper released Wednesday ranks Alberta dead last in terms of competitiveness for oil and gas.
Jack Mintz, director of The School of Public Policy, ranked oil and gas producing jurisdictions in terms of their competitiveness and the ability of their tax and royalty structures to attract investment, comparing Alberta, Saskatchewan, British Columbia, Nova Scotia, Newfoundland and Texas.
In most cases, Alberta trailed the other jurisdictions. The conventional oil and gas industry faces a higher tax and royalty burden on new investments than do other sectors of the economy, he said. Further, at higher prices per barrel of oil, Alberta