Economics
Review panel actually plans sharp drop in royalties. Time to 'think like an owner'.
The Parkland Institute has published an Op-Ed on the Royalty Review:
Review panel actually plans sharp drop in royalties
To get its fair share, Alberta must heed Lougheed's advice: 'Think like an owner'
Gordon Laxer for The Edmonton Journal
Published October 22, 2007
Albertans have been led astray by the heated rhetoric around the recommendations of the royalty review panel's Our Fair Share. Rather than increasing royalties by 20 per cent as headlines tell the public, the panel's recommendations would, if fully implemented, reduce them by 20 per cent by 2016.
That's right. According to the review panel, its proposals would have Alberta collect $2 billion less per year nine years from now, even though oilsands production is projected to more than double.
Alberta would collect only $7.6 billion in 2016, compared to $9.5 billion in royalties in 2006. And that doesn't seem to take inflation into account, meaning that in real dollars the province's royalty revenues would fall more...
Read the whole Op-Ed at the Parkland Institute's website. Read More
Action Alert: Our Fair Share, Take Action on Royalties
From: Lindsay Telfer, Sierra Club of Canada
As time is of the essence, please send a message today to Stelmach and Oberg saying that at a bare minimum they must implement the full Royalty Panel's report.
http://www.tarsandswatch.org/open-letter-lyle-oberg-re-royalty-review Read More
New Study Shows Royalty Panel's Recommendations Would Continue the Giveaway of Alberta’s Resource Wealth
Today the Parkland Institute released its official response to the report and recommendations of the Alberta Royalty Review Panel. The report, entitled "Selling Albertans Short" is available for free download from the Parkland Institute web-site (www.ualberta.ca/parkland), or can be purchased in hard-copy from the Parkland Institute office. Read the media release
Royalty Reform Town Hall
EnCana Makes the Case for Public Ownership in the Energy Industry
The Parkland Institute has published an Op-Ed on the Royalty Review, the energy industry's response, and the case for public ownership in the energy sector.
Monday, October 08, 2007
by Ricardo Acuña
In the weeks following the release of the recommendations of Alberta's Royalty Review Panel, energy giant EnCana has been one of the loudest opponents of any moves that might increase the direct benefits Albertans receive from their natural resources — going as far as publicly threatening to cancel a billion dollars worth of investment if the panel's recommendations are implemented.
The irony of these threats and the desire to see Albertans get less than full value for their oil and gas will not be lost on those who remember EnCana's history. Read More
Action Alert: Royalty Review Panel Recommendations
The recent recommendations from Premier Stelmach's Royalty Review Panel represent a step forward for the province of Alberta. We need your help to ensure that Premier Stelmach implements the recommendations put forward by the Royalty Review Panel. It is as easy as 1, 2, 3.
- Read the report of the Royalty Review Panel, Our Fair Share: Report of the Alberta Royalty Review Panel
- Think like an owner.
- Insist that Premier Stelmach adopts all the royalty recommendations made by the Royalty Review Panel.