An oilsands company has cancelled its presentation of future spending plans because of the new NDP government in Alberta and potential new policies.
Canadian Natural Resources (T.CNQ) announced Wednesday it will not be hosting an open house presentation with investors.
The company will instead have a conference call next month to discuss its strategy to combat low oil prices.
Several oil and gas industry leaders have expressed fear about what new policies the NDP government will introduce. The anxiety seems to persist.
Alberta Premier Rachel Notley responded to the company's comments by saying she welcomes industry feedback, but she is sticking with her intentions to review royalties and address greenhouse gas emissions.
The premier says she has spoken to Canadian Natural Resources Chairman Murray Edwards over the phone and described it as a good conversation. Notley told reporters that the government owes it to Albertans to review royalty rates, to ensure the system is fair. She also said any changes to energy sector policy will be done in consultation with industry.
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