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Originally Posted by Nehkara
The NDP have already said they will NOT raise royalties when oil is weak. In addition, they haven't said they will raise royalties AT ALL. They want to examine them to ensure they are appropriate.
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That is a wide open statement with the intent of raising royalties.
And in their platform they do mention implementing a sliding scale for Royalties, i.e. fluctuating royalties with oil prices. This will kill E&P profits cause both primary and secondary job loss and indeed, a much hurt Alberta. Somehow this is suppose to reduce our bitumen dependence? Jesus, I'm a minority and would rather vote for WR then the NDP.
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Through these policies, we’ll protect important services by planning ahead for oil downturns and reducing Alberta’s over-reliance on high oil and gas prices.
Through these policies, we’ll implement competitive, realistic royalty rates as prices rise, to ensure full and fair value for Albertans as the owners of the resources.
100% of incremental royalty revenue, above the sums earned by Alberta under the current regime, will be invested into Alberta’s Heritage Fund – an important first step to achieving the original vision for this fund.
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Source
http://www.albertandp.ca/platform