Albertans Get Bum Deal from Oil Industry

Albertans Get Bum Deal from Oil Industry by Andrew Nikiforuk, April 5, 2012,
Alberta’s new royalty system for natural gas, introduced in 2009, has also been a total disaster for citizens, says Roy. The government said it would raise royalties by $740 million but their new regime delivered a $4 billion loss. The Alberta government compounded its error by giving drilling incentives worth $1.1 billion in 2010 and 1.8 billion in 2011. “Albertans pay for these billion dollar gifts to the gas industry,” adds Roy. Alberta, allegedly the wealthiest province in confederation, has run three budget deficits in a row.

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