Alberta government introduces industry-friendly oil and gas royalty system

“Our new royalty framework recognizes the reality of our economy today,” Premier Rachel Notley said in a speech Friday.

“It responds to the pain and the uncertainty that workers and families are feeling across our province. It is designed to encourage more investment and more jobs than we’d otherwise have.”

A not insane move. h/t Exile

  • Exile1981

    I know people that were told if royalties increased they would be layed off. Thankfully the few friends still working wete spared another round of lay offs.

    This is the first sign of sanity out of the NDP but one die hard support was pissed that she didn’t put the screws to those “evil oil corps”.

    A friend said he figures that after the farmers push back in December that if they had raised the royalty their would have been pitchforks and torches in the streets.

    • dance…dancetotheradio

      There is still time for pitchforks and torches.
      NDP over reach is inevitable.

      • Exile1981

        I bought a new pitchfork last summer after the NDP won, just for that very reason. It has an ergonomic handles and aircraft aluminium shaft.

  • Jabberwokk

    Reality enforcing it’s will?…Or is someone holding a gun to her head?

    • I suspect she knows that to have done otherwise was to sign her own political death warrant.

      • Jabberwokk

        I was wondering if she even cared. ..

  • Waffle

    All part of the shell game being orchestrated in Ottawa, She knows that one cannot get blood from a stone, so she is toning it down temporarily.

    I grew up in a resource town and worked in the resource industry so I know first-hand how resource wealth built this country. When the Mulroney government (to our dismay) attempted to put a lid on those willing to finance the risky business of exploration, I was there in Ottawa along with hundreds of my peers and associates to protest against the insanity. Believe it or not, we even convinced Linda McQuaig (!!!), bless her little commie heart to write a supportive article for the Globe and Mail. The pressure forced Ottawa to reconsider.

    Unfortuna.tely, it seems those days are over. I noticed several years ago that the new generation of mining and oil and gas professionals are a different breed who seem to lack the kind of fire and willingness to take risks that previous generations had.

    So I’m not holding my breath. In fact, I’m waiting for the other shoe to drop

  • simus1

    marxists are never “Industry-friendly”.
    “Crony Capitalist Friendly”.

    • Well it passes for the NDP;)

    • Two steps forward, one step back; two steps forward, one step back — commonly known as the “dialectical march” — a principle in Marxism-Leninism. It gives the illusion that you are going back from time to time, when in fact you are always moving forward. “Progressives” are always moving forward on their agenda, but the way they get there is by applying Communist principles.

      • Billy Bob Thornton

        Except in communism there would be no use of markets, profit and if the NDP were communist why isn’t private property completely banned and why is money still used. It would also be a classless society. It seems to me it seems capitalistic like social democracy is supposed to be like. The fact is the NDP is just a third way centrist party at best nowadays. They have accepted free trade and corporate tax cuts and no PST. Taxation does not make a nation communist or socialist. Changing the structures would mean that if it banned private property and changed the system to a worker controlled system. Also, communists do not believe in the democratic route. Just a food for thought. You might want some education on politics! People think progressivism means progressing all the time but all mainstream ideologies have stopping points or else the CONs would support minarchist libertarianism. So the whole frame of your debate is ludicrous.

        • Minicapt

          “Thou mammering lily-livered hugger-mugger!”


        • Give ’em time, they’ll get there but only if we let them. Violent revolution isn’t the only way to institute Communism, which usually produces overnight change. Many Marxist theorists prefer the “slow” progressive approach especially when dealing with a strong, free democracy. It can take many years because the method is basically through subversion and institutional infiltration. That’s what’s been happening in Canada, but they’re moving faster now because our institutions are pretty much saturated with Marxist ideology. That doesn’t mean that everybody working in Canadian institutions is even aware that they are supporting Marxism — they don’t call it Marxism, they call it “anti-racism”, “homophobia”, “misogyny”, etc. These are “front” issues to disguise the purpose, but the message, methods, and outcome are identical to that of a communist revolution.

          I think it was the Soviet communist theoretician Nikolai Bukharin who once said: “The best agent is the one who doesn’t know that he is OUR agent”. He was also a believer in the “snail’s pace” approach to establishing Communism.

  • Billy Bob Thornton

    The PCs started a lot of the problems and don’t forget that the NDP never even passed a budget yet so I do not blame the NDP. The problem has to do with the Saudis dumping their treasuries which have brought down oil prices worldwide and this means that the prices will never reach $100 per barrel ever again. This also means that fracking industries and a self-sufficient US in energy terms can never occur without dependency on the Saudis. It also means that these tensions between West and East will continue. I do not see a pipeline as a remedy per se since that would only export massive amounts of oil without Canada having a clear and well-defined energy strategy. I also do not believe as a nationalist in outright selling of our resources on mass. I believe in national sovereignty and diversification. I believe not in global warming/climate change but developing of our resources, protectionism, free trade agreements being redefined and full employment. That is what should happen.

    So yes I want more refineries across Canada.