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Sunday, December 1, 2013

Alberta Energy Company Exec. Says Investing In NB Is Too Risky

For some companies, investing in New Brunwick's shale gas is just too risky. 

Keith Steeves works for an energy company in Alberta, called NAL Resources. He says the company probably wouldn't invest in the province because of political and social risks.

 "There seems to be fair amount of protests going on, there seems to be a fair amount of destruction of property going on. Those things aren't conducive to being efficient and effective in carrying out the operations of the business we have."

He said in order for the company to invest in New Brunswick, there would have be more security. "There's lots of places where we can explore oil and gas, and New Brunswick is just one of them."