Canadian Energy Independence
- Thread starter petros
- Start date
Notley did say 6 months and it looks like they are on track..........
The Alberta government unveiled the mandate and members of its royalty review panel Friday and initial reaction tilted toward the cautiously optimistic side of the spectrum.
The collective sigh of relief from the energy sector over the appointment of ARC Financial’s chief energy economist, Peter Tertzakian, was metaphorically audible.
Tertzakian, the author of two seminal books on the energy world, is not only knowledgeable and widely respected, but adds an important dimension that complements the expertise of panel chair Dave Mowat because of his association with the country’s largest private equity energy player. That skill set was lacking among the membership of the last royalty review panel in 2007.
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“The government couldn’t have thought of a better choice than Peter Tertzakian,” said Michael Tims, vice-chairman of Matco Investments Ltd.
“Peter is a thoughtful and insightful observer of the industry and understands it very well,” said David Collyer, a corporate director, who, as president and CEO of the Canadian Association of Petroleum Producers, dealt with the aftermath of the prior royalty review.
“Everyone is quick to leap to the conclusion that royalties are going up. We don’t know that. It’s so darn complicated,” Mowat said in an interview Friday afternoon. “We want to come up with a royalty framework that is strategic and makes us good partners with industry.”
That’s a different message than was heard in 2007, when the talk was all about the “fair share,” though Energy Minister Marg McCuaig-Boyd did refer to the panel ensuring Albertans get “full and fair value from their resources.”
The fact there is a online portal for Albertans to provide their perspectives also sets this panel apart from 2007 as it allows everyone to engage in the process, regardless of geography or occupation. Much like the voting axiom, those who choose not to participate have no ability to complain about the outcome.
What’s interesting is that even though it’s clear this government has learned from mistakes of the last royalty review — starting with who was appointed and the fact there won’t be public hearings — no one was making explicit reference to the 2007 fiasco.
Both Mowat and Tertzakian stressed the approach being taken is all-encompassing; that it’s not simply about changing the royalty structure but positioning Alberta to be competitive while optimizing the development of its natural resource bounty in the face of rapid change.
Optimism surrounds Alberta’s royalty review 2.0 | Calgary Herald
Canada is a Nation, Alberta is a Province, Motley can build all she wants but it won't make Canada energy independent.
Should Canadian energy independence fast tracking be an election issue? Yes
Why or why not? Energy independence would keep more money in the Canadian coffers.
Which party is best suited for the job? Conservatives
Who is dragging their asses? NDP, Liberals - may/maybe not who knows with the kid. Environmentalists. Various and sundry other anti-just-about-anything types.
Why or why not? Energy independence would keep more money in the Canadian coffers.
Which party is best suited for the job? Conservatives
Who is dragging their asses? NDP, Liberals - may/maybe not who knows with the kid. Environmentalists. Various and sundry other anti-just-about-anything types.