Quote:
Originally Posted by Mr.Coffee
Right so I guess to clarify they never said it was bad to be profitable, just that it doesn't matter because ultimately if you're a company and you are profitable you'll need to turn those profits in eventually to pay for social or "environmental" nets.
I use the term environmental extremely loosely because it's essentially just a tax as the money goes to general revenue
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Quote:
Originally Posted by Mr.Coffee
This is a great analog for how oil companies feel about changes to the royalty structure.
Companies bid on public landsales on agreements that include a royalty payment to the Crown. Bids would be significantly less if companies knew that royalties could arbitrarily and unilaterally change, yet many people seem to think it's acceptable for the government to just change royalties too.
It's the same thing but seems to be viewed differently.
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Energy companies aren't familiar with the Constitution or the Natural Resource Transfer Acts?
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