For the last two decades, the NDP have matter-of-factly declared that oil and gas companies were robbing Albertans blind by not paying their fair share of royalties. Royalties being a complicated series of regulations, it was easy for the NDP to promise that if they only raised royalty rates, Alberta could spend until the cows came home. The government launched a royalty review, costing the Alberta taxpayers $3 million over its eight month duration.
The announcement of the royalty review’s conclusions on Jan. 29 came as a huge relief to industry. The government would make a few tinkering changes, but overall, the status quo would prevail.
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