WEYBURN, Sask. – Saskatchewan Premier Brad Wall is using the NDP’s pending royalty review in Alberta to pitch his province to the oil industry.
In a speech to an industry audience in Weyburn, Wall promised his government has no plans to review the rates it charges oil companies in Saskatchewan.
With oil prices currently hovering around US$60 a barrel, Wall says the industry doesn’t need to deal with any instability.
He notes Saskatchewan benefited through increased investment the last time Alberta reviewed royalties under former premier Ed Stelmach.
The NDP, under Rachel Notley, swept to power in last month’s Alberta election on a platform that promised to review royalty rates in the province.
Notley has pledged to work with the industry on the review and executives have largely adopted a wait-and-see approach in their public comments.