Quote:
Originally Posted by fotze
I don't think you will be convincing anyone on the pro-royalty side of anything by sending them to CAPP's site.
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Again, these are not reports put out by CAPP, they are merely linked on the site. All of these are third-party reports put out to tell investors of the possible outcomes.
This is a terrible piece of legislation, it discourages innovation and targeting high-impact pools in favor of low-productivity, shallow pools. I will say again that not one company has spoken out against the idea of raising royalties, all that has been said is that this proposal will kill the economics of many marginal projects in Alberta and will result in the funneling of investment dollars to other jurisdictions.
If the "pro-royalty" side is too sold on the idea, let it go through and we can enjoy the consequences over the next couple of decades.