- Category: Economic
- Published Tuesday, January 12, 2016
- CTV News
Kevin O'Leary made an impassioned plea to Alberta Premier Rachel Notley on Tuesday morning, asking her to step down for the sake of the Canadian economy.
Speaking to Toronto radio station Newstalk 1010, O'Leary offered to invest $1 million in Canadian energy companies if Notley resigns.
"She has got to go," O'Leary said of the provincial NDP leader. "Let me be the first to make that offer."
The Canadian entrepreneur and financial commentator said his offer comes as an individual concerned about the country and the economy. He said the Alberta government is currently "in freefall."
O'Leary said energy companies remain in the dark about potential changes to royalties, as a panel looking into what the province charges the industry has yet to release its findings. In the meantime, the NDP government has raised corporate taxes and is moving forward with plans to raise the minimum wage in the province.
Amidst low oil prices through 2015, the energy sector has seen 40,000 job losses, many of which were in Alberta, according to the Canadian Association of Petroleum Producers.
"All that talent, all those people that know what they're doing are losing their jobs by the thousands. All because of a government that just by some unfortunate chance got elected," O'Leary said. "(A government) that's never run an energy-based economy. What a disaster."
O'Leary said he meant "no disrespect" by his offer, and he encouraged other Canadians who have the financial means to put up similar offers.
He said Alberta needs a leader who has worked in the energy industry, as oil exports are "the essence of our economy."
"Now, because of government policy, every leader of a private sector energy company in Canada is unsure of what's going to happen next," he said. "It's like a horror movie. It's an unbelievable series of events."