Won’t someone please think of the oil companies? Battered on all sides, these behemoths are desperate for love and to retain the generous amounts of money the government has customarily bequeathed them.
In the recent federal budget, Alberta’s would-be and current operators in the tar sands were told that the free ride was over…in 8 years. Notice that anyone with a job would love to receive. The government announced the phasing out of the Accelerated Capital Cost Allowance (ACCA) which gave companies tax incentives to destroy the north of our province.
Hal Walker, Chairman of the board of directors for the Chamber of Commerce in Calgary, speaking to the Calgary Herald said: “A change to the ACCA for oilsands developers undermines the single biggest contributor to Canada’s economic prosperity.”
Let’s think about that comment for a minute.
Walker is furious because the single largest contributor to Canada’s economic prosperity is no longer going to receive government money to help it increase it's billion dollar bottom line.
What do you suppose Mr. Walker would say if the government lowered the already desperately low social assistance money it pays out? We won’t even mention provincial AISH payments.
Are these the same people that say we should all pull ourselves up by our bootstraps? Maybe it only applies to people with no money. It’s confusing but I’m trying to understand.
Let’s recap.
The government has decided to scrap an outdated corporate welfare program designed to encourage growth in the tar sands when oil prices were low and the industry needed incentives.
Now growth in the region is likely to destroy the ecosystem, specifically the Athabasca river, and is already overwhelming northern infrastructure due to the pace of development. Sites have trouble recruiting enough workers.
Remind me again what I’m supposed to be outraged about.
Friday, July 13, 2007
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