Quote:
Originally Posted by GGG
What do you consider subsidies?
We definitely should continue exploration tax credits and royalty holidays for capital investments. Those are the two most common ones brought up.
In the pipeline file we should underwrite regulatory approval risk for proponents as it was the conservative and liberal governments who have made the regulatory process no longer viable for private companies.
I like the concept of Carbon taxes spent by industries should be able to be be offset by capital investments into CO2 capture or emissions reductions.
Other than that I wouldn’t want the government to fund another pipeline as the constructor.
What specific subsidies would you like to see cut?
|
At a high level:
1) No more public money for pipelines. If the new Major Project Office is going to do the job of clearing red tape then a private proponent that sees the value in a pipeline can step up and work with the MPO to make it happen
2) Orphaned wells are going to cost Alberta over $1B - the O&G industry should be paying for that
3) No more
royalty reductions, tax breaks, grants, or special loans for O&G -
https://fossilfuelsubsidytracker.org/methodology/
4) Do not let them off the hook on tailings water. They need to invest into how to clean that water up to the point where they can reuse it within their process. Or better yet, make their CEOs drink it once they say it is "clean".