Thinking Like an Owner: Fact Sheet

[Oscar]

Thinking Like an Owner: Fact Sheet

Overhauling the Royalty and Tax Treatment of Alberta's Oil Sands

http://www.pembina.org:80/pubs/doc.php?id=1338

Published: Nov 29, 2006

By: Amy Taylor, Marlo Raynolds

This four page summary takes a critical look at the tax and royalty treatment of Alberta's oil sands.

An outdated royalty regime and federal tax breaks are costing Albertans and Canadians money in the form of forgone tax and royalty revenues.

Between 1996 and 2005, royalty revenue per barrel of oil from oil sands declined 32% and the federal government lost up to $1.65 billion in tax revenue.

Albertans as owners of the oil sands need to demand that their resource manager, the Minister of Energy get them a better deal for oil sands developments.

And Canadians need to demand that the Federal Minister of Finance eliminate subsidies to a very profitable industry.

[download] http://www.pembina.org:80/pubs/doc.php?id=1338

Document Type: Briefing Notes, Summaries & Fact Sheets

Topic Categories: Ecological Fiscal Reform, Energy Watch, Oil Sands