Thursday, June 28, 2007

Why is the tar sands borrowing of interest?

All costs for the loan of the money will go in as an expence of the tar sand construction period. This in turn has to be paid from the royality structure before the tax payer sees any amount beyond the 1%

This is standard business practice, not a shady deal. The point here however is like the other direct expences we must pay for we have no say in what prices are being paid.

The door is open for the oil company to form and fund a new company to borrow money from at very high rates inflating the costs to the taxpayer.

This doesn't bother the Conservatives.

john clark
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