I had heard from someone familiar with when Leduc was discovered (late 1940's) that it was decided that an energy and utilities board was needed to regulate this new found wealth. Supposedly at the time Imperial Oil huffed and puffed that it wasn't required and it would kill any forward momentum and that they would have to leave Alberta. If this is in fact true here we are what 60 years later the province is booming more then ever and Imperial Oil is still very much here. Sound familiar to the tune from Encana and other similar corporations?
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