The Globe and Mail reports in its Friday, May 29, edition that Canadian Natural Resources' declaration that it cannot
create a detailed business plan
until Alberta's new government
provides more information on
energy policy could backfire as
the oil and gas industry tries to
establish relationships with politicians
and advisers in charge of
rewriting regulations.
The Globe's Carrie Tait and Jeff Lewis write that Alberta energy executives are
scurrying to make friends with
provincial Premier Rachel Notley
and others in the New
Democratic Party. Canadian Natural, however, rejected the gentle approach
Wednesday when it cancelled its
so-called investor day, arguing it
cannot allocate cash until the
newly elected NDP clarifies its
position on royalties, taxes, environmental
policies and greenhouse
gases.
The message -- that Canadian Natural is
hamstrung because of the new
government -- could damage the
industry's chances of forming a
co-operative relationship with
Ms. Notley and her caucus, observers
say. Political science professor Melanee Thomas says being derisive of democratic
change "is not an
effective strategy. It doesn't strike me as a savvy
government relations."
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