Kenney, UCP consulted over Keystone XL

By Letter to the Editor on January 27, 2021.

Not satisfied with the gamble on AIMCo investments, Kenney unilaterally transferred nurses’ and teachers’ pensions with the right to control future investments. However, in his zest to continue to fund oil and gas he decided to gamble again on Keystone XL.
The hypocrisy is Kenney claiming foul in not being consulted on the cancellation of XL and demanding restitution for losses on the investment for government and TC Energy. All in the context of misrepresenting what the UCP state are the advantages to teachers and nurses. No consultation and guarantee of restitution if future losses are incurred; and no compensation to the AIMCo public pension fund losses on junior oil and gas ventures.
Kenney stated those losses can be expected in volatile markets but to be blocked on a gamble that Trump would win could not be expected even as Biden clearly stated he would cancel as one of his first executive orders.
Kenney states this is not how you treat a friend. I would prefer to state this is not how you treat Alberta public sector pensioners/contributors and taxpayers.
So, we will see the UCP in the Alberta courts and as Kenny states in the US courts.
Perhaps we will not forget during the next provincial election.

John Percevault