Alberta asks municipalities to name oil companies not paying taxes, reeve says no use

  • 📰 GlobalCalgary
  • ⏱ Reading Time:
  • 61 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 61%

Oil And Gas News

Alberta Energy Regulator,Rural Municipalities Of Alberta,Unpaid Taxes

The RMA president said he doesn't expect the Alberta Energy Regulator to shut down oil companies for unpaid taxes, leaving municipalities with no choice but to shoulder the cost.

Pumpjacks draw out oil and gas from well heads surrounded by Canola fields near Cremona, Alta., Monday, July 15, 2024.they aren’t happy with the situation either, and that’s why the government is looking to get a list of company names that haven’t paid up.

He said the enforcement can go “as far as the minister directing the shut the bad actor down.”But Rural Municipalities of Alberta president Paul McLauchlin said in an interview that the name submission process comes with conditions and that he and other rural officials aren’t confident there will be enforcement.

The organization has been lobbying Premier Danielle Smith’s government for more than a year to address the shortfall. McLauchlin said a bigger issue and a bigger concern is the lack of enforcement currently being done by the Alberta Energy Regulator, and whether the province will actually direct the regulator to go as far as shut down companies that have outstanding bills.

In an emailed statement, Jean’s office said the name and nominate for enforcement process outlined in the September letter is just one tool being considered, and that the government shares the frustration of rural communities. The other major change was that the government directed the energy regulator not to issue new oil well licences or licence transfers to companies that owe more than $20,000 in unpaid property taxes in an attempt to stymie company growth while taxes are outstanding.

 

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

 /  🏆 50. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian oil stocks set for 'unapologetically bullish' Q3 earnings: AnalystsSuncor Energy, MEG Energy, and Cenovus Energy are among the top stock picks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »