Corporation that received $55 million tax handout from Kenney relocates to the U.S. - 2019-11-01
Earlier last week, Canadian fossil fuel giant Encana decided to move its corporate headquarters to the United States. Premier Jason Kenney was quick to lay blame on the federal government. Encana's CEO dismissed the notion that the move was a political decision.
Interestingly, what has been overlooked is the fact that Encana decided to make the transition despite incentives offered by Kenney's own government.
Earlier this year, Alberta's United Conservative government rolled out a tax cut for large corporations. The "Job Creation Tax Cut" was meant to appease companies that increasingly see Albertan oil and gas as a bad investment.