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Originally Posted by iggy_oi
Because that would defeat the purpose of collecting royalties.
What other industries require taxpayers to clean up their mess for them using the excuse “well we paid our taxes so don’t be a hypocrite”
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I think the purpose of royalties is to make sure I, and all Albertans, receive a fair share of the profits from extracting our resources. Profits are net of costs, and reclamation is part of the lifecycle cost of extracting our resources. By accepting the royalties, and therefore the reclamation liabilities created by their extraction, I think its fair to say its partly my mess.
What do you think the purpose of collecting royalties is?
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Originally Posted by Izzle
The oil and gas companies with record profits.
It'S NoT eNoUgH!
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And me and all Albertans receiving record royalties.
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Originally Posted by Fuzz
That is a take I never expected to read. Thank you, Mr Burns.
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Where's the logical fallacy?
Look, I get that its a bit controversial but it makes sense to me. I don't work for a company with orphan well liabilities, nor do I own shares in one. I just think its fair to own a share of the liabilities if I'm going to take a share of the profits.