Critics pan Alberta's proposal for oil company royalty breaks

  • 📰 CTVCalgary
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

A new pilot project that would see the province give energy companies tax breaks for cleaning up after themselves is being widely panned.

The program would grant oil and gas businesses royalty benefits if they complete old well site maintenance – something that's already legally required."We have a principle of polluter pay," NDP Leader Rachel Notley said.But that's what Danielle Smith is proposing.

The $100-million royalty credit idea comes three years after the federal government committed more than $1 billion to the cause. "There's companies that aren't paying service leases, we've got companies that aren't paying oil and gas taxes, and then this government moves forward on a liability incentive program without addressing those other two issues.""I was lobbied actually by the premier on this program that was designed by industry two years ago," McLauchlin said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's brilliant. Transfers Alberta's wealth to UCP cronies while bankrupting public healthcare. Win-win.

I wiped my own ass today. How do I claim my tax break? Is there a spot on the income tax form?

Peter Lougheed's vision: World class education, healthcare, a robust Heritage Savings Fund, clean industry and environment. Free provincial parks. The sorts of things $20 Billion buys. A strong Alberta in a strong Canada. Or unparalleled corruption, which is what is on the plate.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in BUSİNESS

Business Business Latest News, Business Business Headlines