Wednesday, November 9, 2022
HomeWealth ManagementPower sector blasts Trudeau’s buyback tax

Power sector blasts Trudeau’s buyback tax


Learn extra: How a generational oil alternative may pay dividends for traders

Trade insiders mirrored that evaluation, and in an e mail to BNN Bloomberg, Birchcliff Power CEO Jeff Tonken claimed Ottawa was oblivious to the necessities of each the oil and fuel sector and the entire economic system.

“The brand new tax goes straight in opposition to what’s at present federal coverage. On the one hand the liberal authorities is attempting to cease using fossil fuels and is doing the whole lot it could possibly to cease its use … and however comes out and says, don’t purchase your inventory again put money into what you are promoting,” Tonken stated.

When discussing how Ottawa has dealt with vitality coverage in a globe shook by the results of Russia’s invasion of Ukraine, Enerplus CEO Ian Dundas was extra direct.

Prior to now, Dundas has been a vocal critic of federal insurance policies and has virtually fully bought off the Canadian belongings of his enterprise.

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