No.
... Silly twit
It WILL push business away.
Under the suggestion of increased royalties by both Stelmach and later, Notley, the CapEx budgets by a number of oil co.s directed towards Alberta based projects were almost immediately transferred to Sask, BC and the USA.
Capital moves really fast and once spent, there's no undoing those expenditures.
This isn't rocket science bud
Sometimes that might be the whole point. Raising royalties even by a little can greatly reduce the rate of extraction.