By Canadian Press

PROMOTING ALBERTA ENERGY

Jason Kenney heads to London

Dec 16, 2019 | 5:41 AM

EDMONTON- Premier Jason Kenney heads to the UK today for a trip his office says will highlight the province’s “responsible energy sector” and to counter what Kenney says is a campaign against investment in the oilsands.

Kenney will speak with international business leaders and financial institutions during the three-day trip to London to “reassert investment confidence in Alberta’s economy.”

He states the meetings will also “underscore the province’s reputation as one of the world’s most stable, secure and environmentally responsible energy suppliers.”

Earlier this month, Moody’s Investors Service downgraded the province’s rating to Aa2 stable from Aa1 negative, citing concerns over the province’s reliance on non-renewable resources mainly oil.

Kenney responded to the downgrade by saying he doesn’t believe analysts are giving Alberta credit for progress in reducing its environmental footprint, and financial institutions are buying into a political agenda that’s trying to stigmatize development of hydrocarbon energy.

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(The Canadian Press)