NDP claim: “We ended years of inaction on diversification” – NDP leader Rachel Notley (Twitter, Mar. 19, 2019).
The facts: Since the start of 2015 to the end of 2018, investment has fallen not only by 54% in the mining, quarrying and oil and gas extraction sector, it has also fallen in non-energy and non-mining sectors, including construction, wholesale and retail trade, utilities, transportation and warehousing.
If this is somehow proof of NDP “success” in diversifying the economy, Albertans must wonder what failure would look like.
Investment decline/growth by industry in Alberta, since the beginning of 2015
- -38.1% overall across all industries
- -46.5% in construction
- -40.2% in utilities
- -18.6% in transportation and warehousing
- -14.1% in wholesale and retail trade