RE:RE:RE:RE:Tight oil ain't what it used to be? Correct, natural resources is a provincial jursidiction, ottawa has little say into what alberta, saskatchewan do with their oilsand and minerals. Ottawa only can influence interprovincial pipeline and ocean transport. Alberta have tried to ween off oil/gas but they learned they can't. With ottawa support and free money for vote, ontario and quebec will always get better support in high tech, autos, aerospace, IT, pharmaceutical industries. AB and SK have no choice but be strong at Oil/gas/uranium and agriculture
Now trudeau is talking about expanding LNG which canada was ahead at one time but ottawa stone wall it. It isn't about the good of western provinces, it's about helping EU and WEF friends, to break energy tie with russia. IE a political agenda.
rattleandhum wrote: The extension of leases will be a debate in the coming months, but I assume that since Alberta’s resource revenue just hit an all-time record for this year as royalty revenues grow, the debate will be somewhat muted and biased towards granting extensions.
Oilsands were providing greater royalty rates in 2021, and total bitumen revenues contributed $11.6 billion to the record $16.2 billion for the year.
Yes, the province’s finances are heavily tied to world oil prices, but they expect resource revenues could hit $25 billion or more this year if oil stays above $100 a barrel. The Alberta Government may posture for the sake of ESG and other initiatives, but they won’t bite the hand that feeds