As oil royalties have fallen, Albertans have endured multiple tax hikes and a S&P downgrade.
oil and gas
The new tax scheme will cost a family of four about $338 extra in 2017.
Since taking office, Alberta Premier Rachel Notley has been very aggressive on the climate file. Attempting to remedy what she portrayed as a history of environmental negligence by her predecessors , the premier swiftly increased and expanded Alberta’s carbon tax, placed a hard cap on carbon dioxide emissions, set stiff targets for reducing methane emissions, declared an accelerated phase-out of coal power generation, and promised to replace much of that power with costlier wind or solar power generation.
There are 175 collective bargaining agreements with public-sector employees coming up for negotiation in the near future.
A recent op-ed cited the “myth of underfunding” of First Nations communities in Canada. Whatever your opinion on the issue, the facts are clear. Consider the four streams of revenue that flow to First Nations across the country.
Indigenous and Northern Affairs Canada (INAC)
The National Energy Board’s recent report helps answer some key 'oil to market' questions.
Province’s net financial position could decrease by another $14 billion in 2016/17, making it a net debtor province.
Annual cap on oilsands emissions means that once emissions hit prescribed threshold, no further development will be allowed.