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Alberta's Possible Pivot Alarms Canadian Oil Sector
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04.05.2015
Canada's oil-rich province of Alberta is on the cusp of electing a left-wing government that can make life harder for the energy industry with its plans to raise taxes, end support for key pipeline projects and seek a bigger cut of oil revenues. Polls suggest Tuesday's election is set to end the Conservative's 44-year reign in the province that boasts the world's third-largest proven oil reserves and now faces recession because of the slide in crude prices. Surveys have proven wrong in Canadian provincial elections before and voters may end up merely downgrading the Conservatives' grip on power to a minority government.
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