In April, listeners to Ian Jessop’s CFAX1070 program heard about how government pays more to facilitate mining than it receives in direct payments for metals and minerals. In the latter part of the audio segment, we discuss plans for secret agreements that will ensure future governments cannot retract gifts or favours granted to Liberal friends. The politicians who happily tore up public sector labour contracts don’t want that happening to their sponsors in the resource industry.
According to John Horgan, Christy Clark has “given companies what they wanted, then more, and now she wants the ability to give them even more tax breaks and long term deals without any public openness.”
Alberta, British Columbia and Norway each have approximately 5 million population. British Columbia has set aside zero from resource development; Alberta saved $18.2 billion from almost 70 years of petroleum production. Despite claims by multinational companies that they could not and would not pay significant resource taxes, the industry continued and Norway has accumulated $1.2 trillion of invested savings from oil and gas production.
Why the difference? It is explained simply: ruling Canadian politicians are in corporate pockets while governing Norwegian politicians have been committed to gaining a fair share of value for public resources.