Friday, March 12, 2010
Ed Stelmach Backtracks on the Royalty Framework
It's about time the Premier lowered royalty rates for the oil industry. He shouldn't have touched them in the first place.
Since he raised them couple of years ago, thousands of jobs have been lost, revenues for the government was drastically reduced etc. in turn every sector has suffered. He believed Albertans were not getting "our fair share." (wasn't how I felt btw.) So he went about fixing what wasn't broken. We had lost that Alberta Advantage. Business was going to BC, Saskatchewan and other jurisdictions.
That move I believe was political, to appease the progressives. It didn't turn out so good in the political sense either. Everyone was getting mad at him and he was tanking in the polls. He lost a by-election last fall, a couple PCers have crossed the floor to the Wildrose Alliance. Others have made rumblings.
So I think this latest move of raising the rates is based mainly on political motives as well. I think he felt pressured into doing so.
It's a positive starting point but it will take years to recover from Ed Stelmach's bungling of this file. Heck we're still recovering from the NEP.
I still will not vote for you Premier because you still can't admit you were wrong and I don't know what you're gonna try to fix next the doesn't need fixing.
Posted by frmgrl at 3/12/2010