Quote:
Originally Posted by nik-
But how does raising royalties, which was the likely goal of this review, inspire any further desire to diversify the province from a provincial level? Investment isn't going to say "ok, I'm going to build up a new industry here", they're going to move those dollars to where that industry already has a foothold.
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Opportunity cost for the province to use those royalties to invest or promote other key industry.
Peter Lougheed used part of the proceeds from the first royalty review he did to fund the research that eventually led to oilsands development technology like SADG. This same principle could be applied into a variety of other ways like flood mitigation and management that would benefit the province long term.