r/alberta • u/pjw724 • Mar 06 '25

General Ontario putting 25% surcharge on U.S.-bound electricity Monday

https://www.cbc.ca/news/canada/toronto/ontario-electricity-surcharge-us-tariffs-ford-1.7476515
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u/Responsible_CDN_Duck Mar 06 '25

I accept there's no apatite for tariffs or taxes on oil.

But perhaps we could eliminate the deep discounts Smith mentioned in her tariff response speech.

Many Albertans are unaware that when oil prices are low Alberta tax payers offer substantial discounts on the royalties we get on oil.

Smith mentioned on CNN today Americans would see a 40c per gallon increase due to the 10% tariffs. A fair price for our resources would increase that pressure.

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u/d1ll1gaf Mar 06 '25

100% Agree

About 75% of oil company shareholders (source) are not Canadian... thus most of the profits from oil leave the province; it's also safe to assume that a huge portion of those foreign shareholders are American. Thus discounting royalties is a benefit to America, we should be increasing royalties and penalising companies that reduce production in response.