Irony abounds in Alberta oil sands

摘要

ALBERTA Premier Jason Kenney had scathing words following news last week that Norges Bank, which manages Norway's $1 trillion sovereign wealth fund, would no longer invest in four Canadian companies with oil sands operations in the province, deeming their carbon emissions levels unacceptable. "I find that incredibly hypocritical," Kenney told reporters. "The entire sovereign fund owes its genesis to oil revenues coming from the North Sea reserves of Norway. And it's the pot calling the kettle black in this instance." Alberta is all but certain to slip back into recession this year as the Covid-19 pandemic hammers crude demand.