Royalty rates remain relatively unchanged
Drumheller-Stettler MLA Rick Strankman said the results were anticlimactic, but it did come with some worry.
“Certainly there was a lot of angst and uncertainty caused even by the announcement of it, coupled by the decline of commodity prices,” he said.
While he is pleased with the outcome of the review, he said it goes against a long held standpoint by members of the government who expressed Albertans were not getting enough for the province’s oil.
“Do people trust this government? I don’t think so, but through the democratic process they are going to have to see how it plays out,” he said.
Peake also finds it interesting the results of the review went against previous percep- tions.
“The premier admitted today that what she’s been saying for seven or more years — that Albertans are not getting their fair share— she’s come to the conclusion she’s been wrong the entire time,” he said. “I have to wonder how much else is the NDP wrong about?”
While the review is complete, the pain in the industry has not stopped.
In my office, I get 5+ brochures a week of companies looking to sell lock, stock and barrel or going into receivership. Properties that are asking 10 cents on a dollar spent, anything is better than nothing. To get out now is better than not getting out at all,” said Peake.
The premier admitted today that what she's been
saying for seven or more years – that Albertans are not getting their fair share – she's come to the conclusion she's been wrong the entire time.”