Meanwhile, in Alberta...
I got this from a friend's page.
"Because there is no hockey on TV, and I really don't want to change the oil in the tractor when it is -15, I will make one more comment before I find a documentary on Apple TV.
People often ask me "What happened to the Alberta Advantage?".
They begin to talk about a Notley Trudeau alliance, and the job killing policies of the NDP, and the accidental election, then I have to school them on where the Alberta Advantage went.
They begin to talk about a Notley Trudeau alliance, and the job killing policies of the NDP, and the accidental election, then I have to school them on where the Alberta Advantage went.
When Lougheed was Premier, Resource royalties made up almost 80% of our revenue.
We used it to fund much of our public services (that are funded in other provinces by tax revenue and user fees).
We had a Heritage Savings and trust fund and were putting away money for a rainy day.
Through the Getty, and Klein years, the oil Companies cozied up to our Premiers, and our Governments reduced royalty rates, and even put in sliding scale royalty rates that protected producers when prices fell.
We used it to fund much of our public services (that are funded in other provinces by tax revenue and user fees).
We had a Heritage Savings and trust fund and were putting away money for a rainy day.
Through the Getty, and Klein years, the oil Companies cozied up to our Premiers, and our Governments reduced royalty rates, and even put in sliding scale royalty rates that protected producers when prices fell.
At the same time, oil companies donated millions of dollars to the Progressive Conservative Party.
You will see that the percent of Provincial revenue dropped steadily over the decades, even though conventional oil, bitumen and natural gas production increased.
You will see that the percent of Provincial revenue dropped steadily over the decades, even though conventional oil, bitumen and natural gas production increased.
By the time the NDP were elected, royalties made up only 9% of our revenue. In 2014 our revenue was just over $9 billion and by 2016 it was less that $3 billion.
Policy decisions that favored their donors were the root of our current financial situation (We put no money in The Heritage Savings and Trust fund since 1986, and on the strength of our sliding scale royalties, Albertans collect only 1% when prices drop below $55).
This is the product of PC policy, not "job-killing NDP policy".
When Stelmach started talking about a royalty review, the oil companies started to give millions to another political party, to stop the royalty review, and the Wildrose conservative Party was born.
Stop trying to blame the NDP
Stop trying to blame the NDP
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