Who, in our governments makes the decision to set our royalty dues at or about one per cent? What a rip-off. Why not “pay” the international companies to come and steal our resources?
Imagine a gold mine paying about one per cent to mine millions of dollars worth of ore and then shipping the pay dirt out of the country while we all have national and provincial debts to service with our tax dollars. Someone, in government must be “on the take” to allow this to happen.
Mr. Mulroney is not in government any more but in the back room I wonder if it is him?
Our oil and gas businesses, all internationals, are also busy getting rid of our resources at an incredible rate. Christy Clark can hardly wait to get rid of our resources and promises that our provincial debt of $62 billion will just melt away in no time at all.
Countries like Norway must be insane to have their royalties set at about 70 per cent. Which international oil/gas company would be happy enough to just make 30 per cent on the product? Do you wonder why Norway does not have any debt and has billions in the banks?
Canada is one of the richest countries in the world regarding natural resources and Ottawa has at least $600 billion+ in debt and what of the provinces—i.e. B.C. with $62 billion debt—my math is quite good but this does just not add up to common sense.
Next time you speak politics with friends and family, please ask this question: What is a “fair royalty per centage”? Most people just don’t know how our politicians are screwing us and our offspring.
Jorgen Hansen,
Kelowna
