Quote:
Originally Posted by GGG
The other thing to remember is any CO2 regulation doesn't affect the investment viability of Oil and Gas in Alberta it just affects the Royalty rate paid.
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What a weird comment. I hope I am just misinterpreting.
Royalties come off the top of revenues, and just like any other cost, have a significant impact on project economics and investment decision-making.
Petronas just the other day cited Trudeau's knee jerk GHG emission policy changes as a reason that they're probably going to walk away from the LNG project that they've already sunk $10B into. Ten billion.