The UCP’s economic recovery plan released by Premier Jason Kenney and Finance Minister Travis Toews offers nothing new to Albertans and is simply a doubling down and rehashing of their failed policies.
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The centerpiece of the plan focused on accelerating the UCP’s $4.7+ billion handout to big, already profitable corporations.
This was a policy that coincided with the loss of 50,000 jobs before the pandemic hit. And it was a plan that didn’t see any new head offices established here. Instead, downtown towers in Calgary continued to empty while major companies moved away.
Last year, Husky Energy laid off hundreds of people and Encana — now Ovintiv — moved its headquarters to the United States.
The UCP’s plan also claims to invest in economic diversification. However, cuts to post-secondary, Alberta Innovates, renewable energy, energy efficiency, film, tourism, and tax credits for tech and digital media, are still in place.
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