Premier Rachel Notley needs a zip line for Calgary’s economy – one that goes up, not down.

Her acrobatic Stampede over, she and her ministers are drifting back to Edmonton.

Calgary is left with the familiar malaise – a sputtering economy that shows promise but never quite re-launches,

Businesses keep closing. A restaurant entrepreneur who owns several places told me he gets at least one call a week from others who want to sell – or, as he said, “give their place away.”

The NDP knows its local political health demands a serious economic boost by next spring. That must include a quick return of high-paying jobs.

They won’t come from subsidies to force diversification in non-energy industries. That’s worthwhile, but it takes years. The easiest gains will still come from good old oil and gas.

And so, NDP language has changed. Ministers used to constantly plug diversification away from petroleum. They wanted off the erratic oil-and-gas bronco.

Now they sound like wildcatters who brought in the Leduc gusher.

“We’re an energy province – we always have been and always will be,” Energy Minister Marg McCuaig-Boyd said Wednesday.

Margaret McCuaig-Boyd, Minister of Energy announcing proposed legislation on a cap electricity prices to 6.8 cents per kilowatt hour over a four-year period from June 1, 2017 to May 31, 2021, during a news conference at the Legislature in Edmonton, May 23, 2017. Ed Kaiser/Postmedia (Edmonton Journal story by Emma Graney)

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Energy Minister Margaret McCuaig-Boyd.

“There’s more work to do, but I’m incredibly optimistic because we’re seeing more Albertans going to work and benefiting from the oil and gas resources we’re so blessed to have.”

She went on to boast of energy sector employment rising by three per cent. Production of bitumen and conventional oil …read more

Source:: Calgary Herald

      

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