Royalty Plan A "Political Document" & "Blatant Deceit"

"It's a political document that's not really grounded in too much economic reality," the panelist said. "It's a lot of dread. ... Just seeing it unfold is like a Greek tragedy," the panel member added, saying the government's rejection of so many recommendations was a slap in the face. As a result, Albertans "absolutely are not" receiving a fair share of the publicly owned oil and gas resources under the new deal. Instead, the province could actually collect fewer royalties in the future because the government ignored several key recommendations, including an industry-wide oilsands "severance" tax. "Overall, we could end up with less (in royalties) than we're getting now," the panelist said. .... http://www.canada.com/edmontonjournal/news/story.html?id=3e714a94-122d-432e-99c9-c952d8dd3642&k=94451 [Proofreader’s note: this article was edited for spelling and typos on October 29, 2007]

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