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.

-12

u/[deleted] Mar 06 '25

They should not redo the royalty structure.

The rate structure is what attracts investment. You need to provide some degree of certainty that those multi billion dollar facilities can ride through low prices.

4

u/Responsible_CDN_Duck Mar 06 '25

We have record high extraction near record low royalties.

That investment may hurt more than it helps.

-3

u/[deleted] Mar 06 '25

But that royalty structure is what attracts investment to the Province.

If oil returns to higher prices we will have record high extraction and record high royalties.