Alberta Chambers of Commerce (ACC) President and CEO Ken Kobly issued the following statement on February 24, 2020, in response to Teck’s decision to withdraw its application for the Frontier project:
“Yesterday’s announcement by Teck to withdraw its application for the Frontier project was unfortunate news for Albertans and unfortunate news for all Canadians.
“If approved, the Frontier project would have generated 7,000 jobs and $70 billion in tax and royalty revenue, providing a significant boost to our provincial and national economies. This was an example of a project done responsibly, which was demonstrated by the strong support of all fourteen nearby First Nations.
“Unfortunately, recent rail blockades and an indecisive federal approval process have compounded the uncertainty facing project proponents like Teck. These factors do little to promote Canada as a capable and committed partner in resource development.
“Recent ACC market research shows Alberta business confidence is dropping rapidly, with 54 per cent of businesses surveyed in December reporting feeling negative about the long-term future of our province. Given ongoing economic uncertainty, it’s more important than ever for our elected leaders to stand up for Canadian jobs, stand up for Canadian investment, and stand up for responsible Canadian resource projects.”
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For comment, please contact:
President and CEO
Alberta Chambers of Commerce
(P) 780.425.4180 Ext.5