He Won't Share

Klein issues warning on sharing the wealth heck he won't share with Albertan's why would he share with the rest of Canada. Besides the fact that the only folks who really share in Alberta's wealth are the Petro Chemical Industry Cartel in Calgary. Come to think of it they are the Party of Calgary that Klein speaks for. And so does the Harpocrite.

Poll queries royalty

Albertans want a public review of the oilsands royalty system because they don't think the province is reaping maximum revenues, according to a new Pembina Institute poll.

The survey suggests 84% of Albertans want a review of the program that allows companies to pay a 1% royalty until their capital costs are paid.

Pembina economist Amy Taylor said oilsands production rose 88% between 1997 and 2005, but royalty revenues increased only 14%.

'DECLINING AMOUNT OF REVENUE'

"We're getting a declining amount of revenue from each barrel we're pulling out of the oilsands."

She said the royalty scheme, which requires companies to pay 25% only after paying off project costs, was created when oil prices were lower, costs were higher and oilsands technology was in its infancy.

"We think the regime should be updated to reflect current developments," Taylor said.

The Pembina findings are based on a phone survey of 500 Albertans between April 7 and 13, with a margin of error of 4.4%, 19 times out of 20.

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