Parkland Institute

Media items tagged with Oil Royalties

Mentions | May 04, 2015

Royalty Miscalculation Cost Alberta Billions, Expert Says

'The Tories chose to pretend the big blunder did not happen,' says consultant Jim Roy.

The Alberta government has failed to collect nearly $2.5 billion per year in resource royalties since 2009 due to a major calculation blunder, according to Jim Roy, a private royalty expert who advises governments around the world.

Parkland Institute | read more »

Tagged with: oil and gas | oil royalties | oil sands | royalties
For Immediate Release | April 23, 2015

Royalties Fix Would Eliminate Much of Alberta‚Äôs Deficit

At least 40 percent of Alberta’s projected deficit for fiscal year 2015/16 could be eliminated by simply returning to the royalty formulas in place prior to 2009.

Parkland Institute | read more »

Download the statement

Tagged with: budget 2015 | oil and gas | oil royalties | oil sands | royalties
Op-eds | April 09, 2012

Royalty reform long overdue

Public share of resource wealth has fallen since Lougheed era

The Wildrose party’s plan to bring back “Ralph Bucks” is the splashiest example from the provincial election campaign that the leading parties appear to be putting the cart before the horse.  Keen to announce plans to spend Alberta’s resource wealth, they have avoided discussion on the integrity of the province’s royalty system.

Parkland Institute | read more »

Tagged with: elections | energy policy | oil companies | oil royalties | royalties | tarsands
For Immediate Release | March 15, 2012

Misplaced Generosity

Alberta government set to forego $55 billion in royalties over next three years

A new report from the U of A’s Parkland Institute says that despite a provincial deficit, the Alberta government will forego some $55 billion in potential revenue over the next three years as a result of overly generous royalty cuts and the government’s failure to meet even the modest targets set by previous administrations.

Parkland Institute | read more »

Download the statement

Tagged with: energy policy | oil companies | oil royalties | royalties | tarsands
For Immediate Release | November 25, 2010

Misplaced Generosity

New report says extreme oil profits come at expense of government revenue

Despite a provincial deficit now forecast to reach $5 billion this year, a new report from the U of A’s Parkland Institute points out that Albertans have foregone tens of billions in potential revenue as a result of overly generous royalty cuts and the government’s failure to meet even its own modest targets.

Parkland Institute | read more »

Download the statement

Tagged with: energy policy | oil companies | oil royalties | royalties | tar sands | tarsands
Op-eds | April 03, 2010

Searching for a reason for the Tories’ royalty cuts

In an expected about-face, the Alberta government effectively reversed the widely supported royalty increases that came into effect last year. According to Energy Minister Ron Liepert, it had “nothing to do with industry running the province” but “everything to do with what constituents have been telling MLAs across this province.” Except that, according to an Environics poll, a majority of Albertans—including two-thirds of Tory supporters—opposed this latest gift to the oilpatch.

Parkland Institute | read more »

Tagged with: oil royalties | tarsands

 

{/exp:channel:entries}