In some cases.
In other cases the resource is owned by First Nations -
The provincial government already owns the resources in the ground. Private companies pay a royalty essentially as the price to buy those resources so that it can then extract them. I don't see the need to nationalize these businesses when the government already owns the resources and can sell them at whatever price (aka royalty) it wants. It's then just up to the businesses to buy or not according to the free market.
In fact, the last thing environmentalists would want would be for the government to nationalize extraction businesses since that would create an incentive for the government to expand extraction. Just compare tobacco to casinos. Tobacco can't advertise. casinos and lotteries can. The difference? The government doesn't own tobacco but it does lotteries and casinos. How would nationalizing resource companies be any different. Do environmentalists really want to give the government a greater incentive to expand such operations? Environmentalists might want to be careful what they wish for.
The real problem is that instead of hiring people that knew the business it was run by party hacks with politics before profits.
Governments should not run any business because they simply can't.At most they should provide broad guidelines as to what is exspected of the businesses and extract sufficient royalities off resources and exports to run the country.
Norway also doesn't have a bunch of freeloading morons demanding that there be no way to export the product. Did you knwo Norway has offshore oil rigs While our Federal government has banned them in BC Waters since I was your age. SO if Norway is the model you want when can we start drilling in the Gulf?
Yours or ours?
In those cases, the government of any first nation should be free to charge the royalty of its choice. Again, it's up to the business to take it or leave it.
Sure, they could charge double, and they would make zero dollars as the oil co.s wouldn't spend any money at that location as opposed to next door where the royalty was 1/2
... Which begs the question, exactly what part of this don't you get?
Wait a minute. Did you actually believe that I believed that raising the royalties would somehow increase extraction? Silly twit.
Of course I know that raising royalties could push businesses away, but the government might in fact want to reduce the rate of extraction for environmental or other reasons beyond just making money. Not everything is just about money. silly twit.
... Silly twit
It WILL push business away.
Under the suggestion of increased royalties by both Stelmach and later, Notley, the CapEx budgets by a number of oil co.s directed towards Alberta based projects were almost immediately transferred to Sask, BC and the USA.
Capital moves really fast and once spent, there's no undoing those expenditures.
This isn't rocket science bud
Sometimes that might be the whole point. Raising royalties even by a little can greatly reduce the rate of extraction.
If that's your goal, then just ban resource extraction or stop issuing any more permits.
No point in over complicating something that is really that straight forward.
... On that note, what's the master plan for all of your transportation and logistical needs in terms of running society?
We need fuel so we can't just ban it or just stop it. Raising royalties strikes a healthier balance to just discourage it.
So, to be clear.
You need fuel and as such can't just ban it or stop using it, but the goal is to discourage the use of the fuel in question.
... So, I'll ask the same question a little differently this time.
What's the master plan in terms of a substitute for the verboten fuel vis-a-vis dealing with the transportation and logistical requirements in running society?
Raising royalties would encourage businesses to function more efficiently over time. It would encourage more innovation.
Thyat's like teaching a guy to ski by taking him to the top of the steepest double black diamond run and pushing him down the slope with the idea that he'll adapt and learn extra super quick.
... At least your plan will provide lots of work for the morticians and cemeteries in the local areas
By the way, you still haven't answered my Q regarding substitutes
Enjoy your 10 km cycle to work in -20... How refreshing.
Not every province has opportunity for hydro, let alone the provincial infrastructure to accommodate such.
You are living in a fantasy Machjo and the plan to cut-off the fuel supplies and hope that all is well is a piss-poor plan.