Thursday, September 21, 2006

CTV Special on Alberta Tar Sands Start Oct 2

The CTV is starting a coverage of Alberta’s oil sands development and the hardships it is causing in the province. I have no inside information on this show but it promises to be an image feed like none other we have seen.

As far as facts however, it appears to be the oil company’s turn to expound on hardships of their business with the point being made over and over that they may leave because of expense. If not for the tremendous good returns they probably wouldn’t start up.

Keep in mind:
Oil companies pay nothing for their oil sands development. That is paid for by Albertans as a much reduced royalty income.

Even monies paid to fiancé these programs are deductible!

Their expenditures remain largely un audited and, there is no list of not acceptable expenses!

The royalties are the lowest in the world, bar none. These same companies are working in other countries under very harsh and even dangerous conditions and they make no noise about leaving.

If we were to collect 2% rather than our present 1% on developing tar sands and if we were to collect 40% royalties rather than the present 25% we would still be collecting the lowest royalties in the world.

Beyond this the oil companies are the single largest user of fresh water (which they get for nothing) and the largest single user of natural gas which they get for nothing. And, even if they did pay anything it would come directly out of expenses which are paid for by the Alberta Taxpayers.

John Clark
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