somebody probably missed this in their daily news updates.
Canadian Oil Sands just issued its quarterly financials. They lost $128 million in the past 90 days, compared to the $176 million profit they made this time last year.
And $120 million of that recent loss -- all but $8 million -- is from the Alberta NDP's new tax increase.
I call it a "revenge tax." It's one of three new taxes Rachel Notley's NDP government has imposed on the energy industry in Alberta.
If you don't care about "fat cats" being taxed, think again.
Lots of ordinary people own energy and resource industry stocks in their RSPs. The NDPs war on the oil patch hurts every Canadian.
Yes, the global fall in oil prices have hurt the industry too. But the NDP's response to that crisis has only made the situation worse.
Canadian Oil Sands loses $128M in 90 days - $120M were Notley's new taxes - The Rebel
Canadian Oil Sands just issued its quarterly financials. They lost $128 million in the past 90 days, compared to the $176 million profit they made this time last year.
And $120 million of that recent loss -- all but $8 million -- is from the Alberta NDP's new tax increase.
I call it a "revenge tax." It's one of three new taxes Rachel Notley's NDP government has imposed on the energy industry in Alberta.
If you don't care about "fat cats" being taxed, think again.
Lots of ordinary people own energy and resource industry stocks in their RSPs. The NDPs war on the oil patch hurts every Canadian.
Yes, the global fall in oil prices have hurt the industry too. But the NDP's response to that crisis has only made the situation worse.
Canadian Oil Sands loses $128M in 90 days - $120M were Notley's new taxes - The Rebel