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Allan MacRae's avatar

Hi Greg and thank you for your thoughts.

I've added some words regarding the share of profits from the oil sands:

"With these new Royalties and Taxes, the Alberta and Canada governments shared a ~50% interest in profits from the oil sands, without having to invest one penny!"

I regard that 50:50 share between oil sands investors and governments as quite fair - the governments invest nothing and get half! But that was not sufficient for Ed Stelmach so he increased the Royalties and killed growth in our primary economic engine!

I continue to be amazed by this colossal incompetence.

George Carlin explained it thus:

“You know how stupid the average person is, right? Well, half of them are stupider than that!”

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Greg Strebel's avatar

I applaud your persistent efforts to bring awareness of the flaws and serious consequences of the economic and environmental policies of a succession of Alberta and federal administrations. The presumptions upon which these policies are based fail to pass informed scrutiny but are widely held by the public and policy-makers alike. "Extraordinary claims require extraordinary evidence". The claims of catastrophic global climate change are supported by speculative hypotheses whose projections have failed to be realized by anything but cherry-picked anecdotes which fail to indicate global trends. There is virtually nothing in the climate and weather-event record of the past several decades which has not been exceeded in extent and magnitude in the past, prior to the post WW2 industrial era.

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