We estimate that in the last two years nearly $40 billion of capital has been reallocated from Alberta's oil and gas sector to similar sectors in other jurisdictions that do not have carbon taxes, like Colorado, North Dakota, west Texas, Kazakhstan, Iran, and other oil and gas producers around the world.
I would further point out that the carbon tax was sold to Albertans as something that would produce so-called social licence, that it would move the opponents of pipelines and our energy industry to become proponents and supporters. I have not been able to identify, and nor has the NDP government, a single government, political party, environmental organization, or other major stakeholder that has moved from opposing pipelines to supporting them as a result of punishing Albertans for heating their homes in the winter.