I blog about environmental and social justice issues because I am very concerned about the health of the interdependent web of life of which we are a part.

Melting Arctic ice.......beautiful and frightening!

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Friday, February 26, 2010

And You thought Albertans Hated the NEP

Wait until they hear about the following  idea.
Canada’s oil and gas industry can and should be converted to a public-interest industry whose mandate would be to serve the broader public interest, not just the private interests of owners and shareholders....At present, the private corporations that dominate the oil and gas industry in Canada are inflicting serious environmental harm and causing major social and economic problems...The oil and gas corporations strenuously resist paying adequate royalties to the public owners of these resources, resulting in a loss of government revenue to support public services, infrastructure, and long-term savings.
The authors of this opinion piece suggest that "as with any corporate acquisition, the cost of buying out the industry would be paid for out of its future profits. In other words, the net cost to Canadian taxpayers would be zero, or close to it."  You have to admit, it is an interesting alternative to merely raising royalties and strengthening environmental regulations in the oil patch.  Perhaps "publicizing" the oil and gas industry would upset Albertans - but it would benefit Canadians and our democracy.

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