Alberta Conservative premier resigns as party leader, quits his seat

Alberta Premier and Progressive Conservative party leader Jim Prentice reacts after losing the Alberta election in Calgary, Alberta, May 5, 2015. REUTERS/Todd Korol

TORONTO (Reuters) - Alberta Premier Jim Prentice, who led his Conservative party to a stunning election defeat on Tuesday, said he will resign as party leader with immediate effect and also quit his seat. The left-leaning New Democrats won election in the Canadian province, ending the 44-year run by the Progressive Conservatives amid promises to review oversight of the oil and gas sector in the home of Canada's oil sands. (Reporting by Amran Abocar; Editing by Ken Wills)