In its first throne speech, Alberta’s NDP government announced legislation that hikes corporate taxes by two per cent, kills the flat tax and bans corporate and union political donations.
But two of the biggest issues hanging over the province’s oilpatch got little mention. The speech, read by newly installed Lt.-Gov. Lois Mitchell in the chamber on Monday, gave no new details on the approach to royalties or greenhouse gas regulations.
“We need to review how the people of Alberta — including our grandchildren and great-grandchildren, many years from now — will be rewarded for the development of their own energy resources,” was the sole reference in the speech to the NDP’s vow to examine Alberta’s oil and gas royalty take.
The speech also highlighted the need to “demonstrate real leadership on the environment and on climate change” and urged stronger partnership with other provinces through a Canadian Energy Strategy.
Premier Rachel Notley assured reporters earlier in the day that royalties and climate policy are on the agenda. She said it’s important to take the time to get the royalty review right, but “we also know that we can’t have it hanging over everyone’s head indefinitely.”