RE:RE:RE:RE:E3 Metals To Drill First Lithium Evaluation Wells in Alberta It is amazing how quickly people forget....or even know about the history of it: "
The organization that created the task force was also headed by the CEO of Syncrude. In total, 45 of the 57 committee chairs and members were from industry, with the other dozen from the federal and provincial government.
Both levels of government almost immediately accepted the task force’s recommendations: Alberta established a generic royalty regime that only charged one per cent of revenues until projects had recouped capital costs, while the federal government brought in accelerated capital cost allowances — which let companies write off more costs, earlier.
Those highly generous regimes have stubbornly remained to this day, even through multiple royalty reviews.
“Once things got rolling after 1995 or 1996, it was almost exclusively private investment from then on,” Turner said. “But it was all built on old public investment.”