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The Fonz · 08-06-2015, 04:55 PM

CALGARY -- Canadian Natural Resources is warning that Alberta's corporate tax hike will hit employment, though both company executives and Premier Rachel Notley agree the steep drop in crude prices is a much bigger challenge.

The Calgary-based oil and gas giant posted a net loss of $405 million during the second quarter, mostly because of a $579-million charge related to the higher tax rate.

All things being equal, the higher tax tab means $579 million less will be invested over the lifespan of Canadian Natural's assets, chief financial officer Corey Bieber said in an interview.

That translates into about 4,100 fewer person years of direct, indirect and induced employment in that time span, he said, citing a study by a third-party consultant.

http://www.ctvnews.ca/business/canad...4dc1f2f2d7440a

Any CNR employees on here vote for NDP a few months back?

08-06-2015, 04:55 PM	#344
The Fonz Our Jessica Fletcher Join Date: Dec 2004 Exp:	CALGARY -- Canadian Natural Resources is warning that Alberta's corporate tax hike will hit employment, though both company executives and Premier Rachel Notley agree the steep drop in crude prices is a much bigger challenge. The Calgary-based oil and gas giant posted a net loss of $405 million during the second quarter, mostly because of a $579-million charge related to the higher tax rate. All things being equal, the higher tax tab means $579 million less will be invested over the lifespan of Canadian Natural's assets, chief financial officer Corey Bieber said in an interview. That translates into about 4,100 fewer person years of direct, indirect and induced employment in that time span, he said, citing a study by a third-party consultant. http://www.ctvnews.ca/business/canad...4dc1f2f2d7440a Any CNR employees on here vote for NDP a few months back?