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‘They are very concerned’: ATCO CEO says Alberta separation conversation is scaring potential investors

Nancy Southern, CEO of Calgary-based Atco Ltd., says Alberta separatism talks are already damaging the province's investment climate as of May 2025.
The rise in separatism discussions follows last month's federal Liberals winning a fourth term and Alberta Premier Danielle Smith introducing a bill easing referendum processes on topics including separation.
Southern said major Asian partners in a hydrogen project postponed final investments pending clarity on Alberta's political status, amid questions about trade deals, currency, and market access.
She highlighted that Canada’s modernizing NORAD and northern defense, worth $48.4 million contracts involving Atco, reflect “very needed” security advancements while stressing the importance of north-south corridors.
Southern called the separatist debate unhelpful and urged cooperation, noting ongoing economic uncertainty and Alberta’s frustrations with federal environmental policies affecting energy investment.

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Edmonton Journal

Lean Right

Rob Breakenridge: Caving to the separation crowd has serious consequences

The premier's manoeuvres to allow for a referendum on separation to satisfy fringes creates real economic instability for the province.

2 days ago·Edmonton, Canada

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Calgary Herald

Lean Right

Varcoe: ATCO head says separation talk 'impacting investments now,' as Canada aims to be energy superpower

ATCO Ltd. chief executive Nancy Southern is concerned about the effect separation talk in Alberta is having on business investment.

3 days ago·Calgary, Canada

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Global News

Lean Left

Alberta separatism talk ‘unhelpful’ and driving away investment: ATCO CEO

ATCO CEO Nancy Southern said Asian partners in a major hydrogen project say they won't make final investment decisions unless there is certainty around the separatism question.

3 days ago·Toronto, Canada

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CBC News

Lean Left

Alberta secession talk 'unhelpful,' ATCO chief executive says

ATCO CEO Nancy Southern says the prospect of Alberta independence is raising too many questions for companies to feel confident making big investment decisions in the province.

3 days ago·Canada

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