After a year-long province-wide debate on royalties, which included a high-profile royalty review panel, Tory Premier Ed Stelmach stayed steady on his promise that Albertans would get their “fair share” from the royalties collected from oil and gas exploitation. With Fort McMurray and the Tar Sands booming, Ed Stelmach led his steady fight against the evil dogs of looney environmentalism and the socialist opposition on the left who claimed the royalties increase was just not enough, and hard-line free market wing-nut ideologues on the right who screamed that the increase was too much. Ed Stelmach stayed steady. The increase was just enough, Albertans deserved their fair share, and Ed Stelmach was going to stay steady to make sure they got it.
Ed Stelmach was steady as he not only steered steadfast with his royalty plan into 2008, but also had the courage to stand up for his new royalty plan by launching it in front of Albertans during a General Election. On March 3, 2008, Albertans got up and cast their ballots for Ed Stelmach, endorsing his new royalty plan. Much rejoicing was seen in the streets. Ed Stelmach has achieved his new majority. A mandate and an approval of his plan.
Now, with an enlarged caucus and Spring Session of the Alberta Legislature beginning next week, Ed Stelmach is staying steady by not changing his steady plan, but steering his steadfast plan on another steady path. Ed Stelmach has the courage to do what’s right and won’t let small things like year-long debates, campaign promises, and election results get in the way of his steady plans.
Billion- dollar royalty break
Five-year holiday bid to attract new energy investment
Calgary Herald; Canwest News Service
Friday, April 11, 2008
CALGARY – The Alberta government is giving oil and gas producers a $1-billion break on royalties over the next five years in a bid to attract investment it fears is being chased away.
Energy Minister Mel Knight revealed in Calgary on Thursday that the province has tweaked the new royalty regime to address the “unintended consequences” of its plan announced in October.
The government was assailed over that plan, set to take effect next year. The energy sector charged it made some oil and gas plays uneconomical, while opposition critics contended it shortchanged Albertans on resource riches.
“These (new) programs will help generate hundreds of millions of dollars in royalties and countless new jobs for decades,” Knight said.
“I believe this is good news for most of the industry.”