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Wednesday, June 24, 2009

Alberta least attractive province for energy investment: report

Report says Alberta's the least attractive province for oil and gas investment. Report says Alberta's the least attractive province for oil and gas investment. (CP)

A new Fraser Institute report says Alberta is the now least attractive province in Canada when it comes to oil and gas investment.

The right-wing think tank, based in Calgary, released the report on Wednesday morning.

Research for the report included surveying petroleum executives and managers from around the world.

According to the institute's rankings, Alberta has dropped below Manitoba and Saskatchewan, and even trails Nova Scotia and Newfoundland.

The institute blames Alberta's poor showing on the industry's dissatisfaction with changes to the province's royalty regime, a lack of consultation and what it calls "a growing anti-energy bias."