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EDMONTON—Opposition leader Jason Kenney is calling for the provincial government to enforce a 10 per cent production curtailment in Alberta to deal with the ongoing oil price differential. The United Conservative Party leader said at a news conference Wednesday he doesn’t take the decision lightly, but after having consulted industry experts, it needs to be done. Jason Kenney speaks at an Edmonton Chamber of Commerce lunch on Nov. 14. On Wednesday, the Opposition leader called for the Alberta government to enforce mandatory cuts to oil production. “I believe government intervention in markets should generally be avoided,” Kenney said. “Which is why I was initially opposed to the idea of mandatory curtailment when it was first floated a few weeks ago.” Premier Rachel Notley also raised the alarm on the oil differential earlier in November when she appointed three expert envoys to find a solution. At the time, Western Canadian Select was selling at around US$45 a barrel less than Texas crude, causing a hit to the economy of about $80 million a day. Kenney said as of Wednesday, Alberta oil was selling at about $12 per barrel, about $40 less than Texas crude. He also said the curtailment won’t […]
