Tonken comments on Liberal taxes. Birchcliff Energy Chief Executive Officer Jeff Tonken said Ottawa is ignoring the needs of both the oil and gas industry and the economy writ large.
“The new tax goes directly against what is currently federal policy . On the one hand the liberal government is trying to stop the use of fossil fuels, and is doing everything it can to stop its use … and on the other hand comes out and says, don’t buy your stock back invest in your business. It does not make sense! People are buying their stock back because they do not have confidence in government policies,” Tonken said.
https://www.bnnbloomberg.ca/energy-industry-decries-buyback-tax-it-s-truly-tragic-1.1842650