Thinking Like an Owner: Fact Sheet
Posted: Sat Dec 23, 2006 8:37 amThinking 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An outdated royalty regime and federal tax breaks are costing Albertans and Canadians money in the form of forgone tax and royalty revenues.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
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An outdated royalty regime and federal tax breaks are costing Albertans and Canadians money in the form of forgone tax and royalty revenues.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