- Reaction score
- 11,931
- Points
- 1,160
Why Alberta wants more pipelines...
35 Billion Canadian Dollars a year in taxes and royalties for the public purse.
"By Pathways Alliance’s estimate, oilsands extractions contribute roughly $35 billion a year in taxes and royalties.
"Lacey has run his own numbers that put that scale in perspective.
"“When I look at the big four banks in Canada, they made a contribution in current taxes last year of almost $14 billion,” he said. “Not an insignificant amount. But if you look at the big four oil companies in Canada—Canadian Natural, Cenovus, Imperial, Suncor—they contributed $22 billion during that same 12-month period.”"
thehub.ca
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www.bnnbloomberg.ca
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Prior to the Alberta-Ottawa MOU the US could count on fuelling Data Centres with Alberta gas supplied to American distributors at give-away prices. The distributors sold it on at market prices a bit cheaper than Europe and Asia. And made a fortune while driving up energy costs for consumers.
After the MOU they can't count on that. It now makes more sense to build on top of the zero cost fuel and transfer data by cable and air. The supply of free gas is drying up.
35 Billion Canadian Dollars a year in taxes and royalties for the public purse.
"By Pathways Alliance’s estimate, oilsands extractions contribute roughly $35 billion a year in taxes and royalties.
"Lacey has run his own numbers that put that scale in perspective.
"“When I look at the big four banks in Canada, they made a contribution in current taxes last year of almost $14 billion,” he said. “Not an insignificant amount. But if you look at the big four oil companies in Canada—Canadian Natural, Cenovus, Imperial, Suncor—they contributed $22 billion during that same 12-month period.”"
The oilsands have created a different kind of oligopoly
How Alberta’s oil industry survived boom-bust cycles to come out leaner, more consolidated, yet more ‘Canadian’
thehub.ca
....
Why Canada’s hottest shale play is catching the eye of U.S. producers
U.S. oil and gas producers in search of fresh drilling territory are looking to expand in Western Canada’s Montney basin, according to executives, analysts and advisors
www.bnnbloomberg.ca
.....
Prior to the Alberta-Ottawa MOU the US could count on fuelling Data Centres with Alberta gas supplied to American distributors at give-away prices. The distributors sold it on at market prices a bit cheaper than Europe and Asia. And made a fortune while driving up energy costs for consumers.
After the MOU they can't count on that. It now makes more sense to build on top of the zero cost fuel and transfer data by cable and air. The supply of free gas is drying up.
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