Alberta’s NDP Premier Rachel Notley says energy producers should upgrade more oil in the province

Financial Post

Energy companies operating in Alberta should aim to upgrade more of the oil they produce within the province, Alberta’s newly elected premier said in an television interview.

[np_storybar title=”Kevin O’Leary on NDP’s stunning win in Alberta: ‘It’s a horror movie unfolding'” link=”http://business.financialpost.com/news/energy/oleary-on-alberta-its-a-horror-movie-unfolding”]

Influential Canadian investor Kevin O’Leary has some blunt advice for international institutions in the wake of the Alberta election: Pull out
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Alberta Premier Rachel Notley led the left-leaning New Democrats to a sweeping victory on Tuesday on promises that included energy industry reforms. Canadian energy stocks dropped following the win.

Notley reiterated in an interview on Global Television’s “The West Block” that she wants Alberta, the biggest source of U.S. oil imports, to be a “healthy place for investment.” But she said the industry should do more value-added processing in the province.

“Let’s make sure that we have more upgraded product and more upgrading here because the…

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