For example, the article being referenced below is encouraging Saskatchewan to raise its royalties too.
Oil is a big-ticket item in Alberta. Alberta accounts for about two-thirds of Canada's crude production. Oil and gas activity produce one-quarter of the province's gross domestic product. Six hundred million barrels extracted last year generated around $40 billion in revenues.
Albertans collected $2.7 billion in royalties ... only seven per cent of the revenue. It is not surprising former Premier Ralph Klein has been quoted as saying he didn't give a "tinker's dam" about the royalty reviews or whether Albertans were getting a fair share of their hydrocarbon wealth.
The BS is flying fast and furious. Whoever wrote this should be slapped hard.
The Alberta Royalty Review itself stated in 2006 that $9.533 billion was collected. They NEGLECTED to include approximately $3 billion in lease sales. I don't have handy numbers for lease rentals, corporate taxes, municiple taxes, but they are considerable.
Only considering royalties and lease sales and assuming the $40 billion in gross revenue is correct tne 31% of gross revenues are taken by government, not 7% as quoted.
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