Preston Manning Doesn't Like Alberta's Royalty Plan

The son of former premier Ernest Manning said it doesn't appear the royalties plan takes into account the full scope of issues surrounding energy development, including continental energy security, provincial and federal tax implications, and environmental costs. "This would have been a chance to demonstrate that we have a grasp of the big picture," Manning told the Herald. "It may be that they do have the competence to do that, but it's not been demonstrated yet, and it wasn't demonstrated last week." The comments come after Stelmach's royalties strategy was lauded this week by former premier Peter Lougheed and federal Industry Minister Jim Prentice, who both said the plan strikes the right balance. Stelmach spokesman Tom Olsen argued the government's strategy creates certainty for investors and Albertans, who will now know how much revenue the province will get from the development of publicly owned oil and gas resources. ... http://www.canada.com/calgaryherald/news/story.html?id=3a4a2ae5-6fae-42b3-b530-4d006bc882f4

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