When it comes to energy investment, Alberta is losing some of its lustre
January 23, 2008 - John Clinkard
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10/24/2008 - posted by cyberclark
The Fraser Institute is putting forward their wish list in a way to foster public opinion. It remains a wish list.
Alberta’s royalty rates have been reduced 20% by changing the unit of exchange from US$ to Can$
On top of that the Tar sands are charged at 19% Royalty not the original 25%
There is nothing repeat; nothing in the New Royalty plan that will bring the royalty up to the original 25% at US$
Considering carbon credits and initiatives and the fact the decommission of those plants are on the Alberta Tax bill when that time comes; Alberta is paying the oil companies to take the resource out of Alberta!
The bloom is definitely off Alberta’s rose in terms of its position as one of the most attractive jurisdictions in the world for petroleum investment.