When substitute drama teach becomes a PM for 10 years - he does.Here I thought pipelines were long term infrastructure. I had no idea a substitute drama teacher had such a transformative influence over the future of the country.
Maybe that's what people said back in the 2000s as they saw the oil bull run 3x from $25 to $75, then hit a resistance around $75 in 2006 as oil retreated below $60, maybe then they thought "$140 won't happen, that's double the $70 where we've just hit resistance". And then...That's almost a 100% increase from the current price.
It won't happen.
Loads of excuses. It would be credible if AB wasn't high spending, low tax jurisdiction. They are happy being grasshoppers when they could be ants.You can't compare sovereign states with province that has majority of their income and taxes siphoned away by rest of the country
And I am sorry, but if you think that massive red tape and court cases dragging a decade are not influencing capital investment decisions - you are simply not a very smart person
I don't think it will either but I wouldn't rule it out. The comment was more about this country's failure to transform commodity booms into sovereign wealth funds that generate returns in perpetuity as has been done elsewhere. My own province has more diversity in its commodity revenue and has ran defecits for a number of years. If individuals are looking to educate themselves on finances most governments are a bad example to follow.This won't happen.
Low tax? Are you kidding me? The federal taxes alone make Canada and all provinces included a highly taxed country. Albertan taxes are high - they are just not as stupidly high as other provinces.Loads of excuses. It would be credible if AB wasn't high spending, low tax jurisdiction. They are happy being grasshoppers when they could be ants.
Revisionist history? It was small before the NDP took power, and continues to be small.Prior to NDP coming to power Alberta had a nice heritage fund and very little debt. Obviously now that has changed. This year portion of debt will be repaid, heritage fund will be added to, and Alberta will continue propping up bankrupts out east. What else do you want?
I don't think this analysis makes sense. If the carbon tax is rising to $170/tonne by 2030, then any investment that costs $150/tonne per tonne reduced with result in cost savings. Or are they just double counting the impact of the carbon tax? I'm pretty suspicious of the article given that it doesn't cite the source of the analysis. If it was done by an O&G or right wing think tank I think we can be comfortable that they are being flexible with the truth.
New clean fuel regulations will cost Canadian families up to $300 by 2030: analysis - National | Globalnews.caIt will cost between $22.6 billion and $46.6 billion for refineries and other fuel suppliers to comply, or an average of about $151 per tonne of emissions reduced.globalnews.ca