Quote:
Originally Posted by username
Any increase in royalty is not supporting O&G.
The industry is bleeding right now - Cenovus last almost 700 million in the first quarter.
What a great time it would be to take a few more percent off their "profit" so the hold can be dug deeper.
Great idea NDP, let's "review the royalty structure" because the O&G industry is making so much money right now.
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I think this is the key point in my eyes. We need to have governance which looks far beyond the "right now" scenario. I think everyone, top to bottom, needs to take a step back and think about how Alberta can remain competitive.