Brad Wall invites Calgary energy companies to move to Saskatchewan
[ http://www.cbc.ca/news/canada/calgary/b ... -1.4046020 ]
Saskatchewan premier offers to subsidize relocation costs, trim taxes and royalties
The Canadian Press March 29, 2017
Saskatchewan Premier Brad Wall is taking a turf war with Alberta to its economic heart, inviting energy companies based in Calgary to move their headquarters to his province.
In a letter to Whitecap Resources, Wall offers to subsidize relocation costs, trim taxes and royalties and help find space in unused government buildings if the oil and gas firm moves to Saskatchewan.
The letter, provided to The Canadian Press, says it may make sense for Whitecap Resources and other Calgary companies with oil and gas production in Saskatchewan to make a "co-operative joint move" to benefit from additional cost savings.
Wall cites reductions to corporate and personal income taxes promised in his recent provincial budget as further incentives, adding that his government has no intention of implementing a carbon tax, unlike Alberta's.
Whitecap Resources CEO Grant Fagerheim says he's taking the letter seriously but would only move if it would benefit his company's shareholders MORE: . . . .
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