Alberta
New opinion surveys reveal overwhelming majority of Canadians support our Oil and Gas industry
News Release from Canada Action
We are very excited to share some recent and encouraging polling results today. According to a July 2021 public opinion survey conducted by Research Co, new data shows that Canada’s public perception of our responsible energy industry is very positive.
Here are some of the key findings:
- Almost three in four (73 percent) Canadians polled agree Canada should be a preferred global supplier of energy because of its climate and environmental record.
- Nearly seven in ten (69 percent) say they have personally benefited from the oil and gas sector.
- 70 percent agree that resource development could help alleviate systemic poverty within Indigenous communities.
- Two thirds of Canadians (66 percent) support Canada’s role as a global oil and gas supplier.
- Almost three in four Canadians (73 percent) acknowledge Canada’s prosperity is supported by the oil and gas sector and that Canadian oil and gas production helps fund important social programs like health care and education.
Referring to the fact 73 percent of Canadians polled also agreed it’s essential First Nations be included in project development to establish long-term revenue sources for their communities, JP Gladu, acting Executive Director of Indigenous Resource Network, noted the following:
Taken collectively, this is all exceptional news for all of Canada’s natural resource industries. Your support for our positive, fact based message about why the world needs more Canadian energy and resources is helping make a difference.
A Majority of Canadians ‘Agree’ that Canada Should be a Preferred Global Supplier of Energy: POLL
A new public opinion survey conducted by Research Co. on behalf of Canada Action has found that a majority of Canadians across the country support the vital oil and gas sector! The poll, released on July 14th, showed that 68% of participants ‘agree’ that Canada should be the choice supplier to meet future oil and gas demand, while two-thirds (66%) support Canada’s role as a global oil and gas supplier versus just 19% who were opposed.
Additionally, almost three in four Canadians (73%) acknowledged Canada’s prosperity is supported by the oil and gas sector and that the industry helps fund important social programs such as healthcare and education.
“It’s a strong and very welcome result, and one that shows most Canadians feel proud of the work their energy sector is doing to enhance its record on ESG criteria. The results also show most Canadians believe the world needs more Canadian energy and are aware of the importance of the sector to the prosperity of families and communities right across the country,” said Cody Battershill, Canada Action founder.
Between 2000 and 2018, approximately $493 billion in government revenues were generated by Canada’s oil and gas industry, capital which has been used pay for schools, hospitals, roads and the workers that make these projects possible/operational. Every Canadian has benefitted from oil and gas in some way, shape, or form; nearly seven-in-ten Canadians (69%) of participants also acknowledged that Canada’s oil and gas sector has benefitted them personally.
Nearly three-in-four Canadians (73%) also agreed that global markets should prioritize jurisdictions like Canada that are leaders in climate action and environmental protection. This is a logical choice as Canada’s oil and gas industry ranks number one for Environmental, Social, and Governance (ESG) practices among nations with the largest oil reserves, and of the world’s top 20 producers, 2nd for governance and social progress and 4th on the environment.
“Given the world requires $525 billion of new oil and gas investment per year just to meet current demand, we think we ought to push for Canada to receive a sizeable share of this investment,” Battershill added.
Canada’s world-class ESG performance shows that our nation is home to one of the most environmentally conscious and sustainable oil and gas industries in the world. With future supply gaps on the horizon, it only makes sense that ESG-focussed investors look to Canada as a choice supplier for as long as the world needs oil – and it will for many decades to come.
73% of participants also agreed that it’s essential First Nations be included in project development to establish long-term revenue sources for their communities.
“These are heartening results. Indigenous nations and businesses want to be partners in resource development. This poll shows there’s widespread support to work together for the benefit of all,” said JP Gladu, acting Executive Director of the Indigenous Resource Network.
Below is a summary of all poll results collected by Research Co.
Poll Results:
– Two-thirds of Canadians (66%) support Canada’s role as a global oil and gas supplier, while one-in-five (19%) are opposed
– Almost seven-in-ten Canadians (69%) say the oil and gas industry has benefitted them personally
– Almost three-in-four Canadians (73%) agree that global markets should prioritize jurisdictions like Canada that are leaders in climate action and environmental protection
– Almost three-in-four Canadians (73%) agree that Canadian oil and gas products help fund important social programs like healthcare and education for Canadians
– More than seven-in-ten Canadians (72%) agree that sustainability measures are better served when energy is sourced from Canada compared to less environmentally friendly jurisdictions
– Seven-in-ten Canadians (70%) agree that Canada should be the choice recipient of investments due to its climate leadership and environmental policies
– More than two-thirds of Canadians (68%) agree that Canada should be the choice supplier to meet future oil and gas demand
– Over three-in-five Canadians (64%) agree that investing in Canada’s oil and gas sector makes sense if you value climate leadership, social progress and transparency
– Fewer than half of Canadians (45%) were aware that Canada is a leader for environmental, social and governance (ESG) practices among countries with the largest oil and gas reserves
– More than two-in-five Canadians (43%) were aware that Canadian energy companies are global leaders in carbon capture, utilization and storage
– Just over two-in-five Canadians (41%) were aware that Canadian natural gas exported to Asia can reduce global emissions by displacing coal power usage
– Almost three-in-four Canadians (73%) agree that global markets should prioritize jurisdictions like Canada that are leaders in climate leadership and environmental protection
– Almost three-in-four Canadians (73%) agree that Canada should be a destination of choice for energy investment due to its climate leadership, worker safety and environmental policies
– More than two-thirds of Canadians (68%) agree that Canada should be the choice supplier to meet future oil and gas demand
– Almost three-in-four Canadians (74%) think Canada should act in a similar fashion to Norway when it comes to energy practices, as the nation has said they will continue to maximize the value created from their oil and gas reserves
– Almost three-in-four Canadians (73%) agree that Canada’s prosperity is supported by the oil and gas sector practices
– Almost three-in-four Canadians (73%) agree that it is essential that First Nations be included in project development to establish long-term revenue sources for their communities
– Seven-in-ten Canadians (70%) agree that Systemic poverty within Indigenous communities could be alleviated with resource development
– Almost seven-in-ten Canadians (69%) agree that Indigenous and non-Indigenous communities in Canada should play a role in supplying our energy to meet domestic and global demands
– More than half of Canadians (56%) agree with the decision related to the TMX expansion, while one-in-five (21%) disagree, and a similar proportion (22%) are undecided. Support for the decision is highest in Alberta and Atlantic Canada (each at 63%), followed by Ontario (57%), Saskatchewan and Manitoba (56%), British Columbia (55%) and Quebec (52%)
– Over three-in-five Canadians (62%) think the Indigenous communities support the Trans Mountain Pipeline (TMX) project
– More than three-in-ten Canadians (31%) are more likely to support the Trans Mountain expansion upon learning of the views of Indigenous communities, while 7% are less likely to support. More than two-in-five (47%) say their position has not changed as a result of this fact
Results were based on an online study among 1,000 adults in Canada, conducted July 7 to 9, 2021 and weighted for age, gender and region. The margin of error—which measures sample variability—is +/- 3.1 percentage points, nineteen times out of twenty.
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Alberta
Alberta government should create flat 8% personal and business income tax rate in Alberta
From the Fraser Institute
By Tegan Hill
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America
Over the past decade, Alberta has gone from one of the most competitive tax jurisdictions in North America to one of the least competitive. And while the Smith government has promised to create a new 8 per cent tax bracket on personal income below $60,000, it simply isn’t enough to restore Alberta’s tax competitiveness. Instead, the government should institute a flat 8 per cent personal and business income tax rate.
Back in 2014, Alberta had a single 10 per cent personal and business income tax rate. As a result, it had the lowest top combined (federal and provincial/state) personal income tax rate and business income tax rate in North America. This was a powerful advantage that made Alberta an attractive place to start a business, work and invest.
In 2015, however, the provincial NDP government replaced the single personal income tax rate of 10 percent with a five-bracket system including a top rate of 15 per cent, so today Alberta has the 10th-highest personal income tax rate in North America. The government also increased Alberta’s 10 per cent business income tax rate to 12 per cent (although in 2019 the Kenney government began reducing the rate to today’s 8 per cent).
If the Smith government reversed the 2015 personal income tax rate increases and instituted a flat 8 per cent tax rate, it would help restore Alberta’s position as one of the lowest tax jurisdictions in North America, all while saving Alberta taxpayers $1,573 (on average) annually.
And a truly integrated flat tax system would not only apply a uniform tax 8 per cent rate to all sources of income (including personal and business), it would eliminate tax credits, deductions and exemptions, which reduce the cost of investments in certain areas, increasing the relative cost of investment in others. As a result, resources may go to areas where they are not most productive, leading to a less efficient allocation of resources than if these tax incentives did not exist.
Put differently, tax incentives can artificially change the relative attractiveness of goods and services leading to sub-optimal allocation. A flat tax system would not only improve tax efficiency by reducing these tax-based economic distortions, it would also reduce administration costs (expenses incurred by governments due to tax collection and enforcement regulations) and compliance costs (expenses incurred by individuals and businesses to comply with tax regulations).
Finally, a flat tax system would also help avoid negative incentives that come with a progressive marginal tax system. Currently, Albertans are taxed at higher rates as their income increases, which can discourage additional work, savings and investment. A flat tax system would maintain “progressivity” as the proportion of taxes paid would still increase with income, but minimize the disincentive to work more and earn more (increasing savings and investment) because Albertans would face the same tax rate regardless of how their income increases. In sum, flat tax systems encourage stronger economic growth, higher tax revenues and a more robust economy.
To stimulate strong economic growth and leave more money in the pockets of Albertans, the Smith government should go beyond its current commitment to create a new tax bracket on income under $60,000 and institute a flat 8 per cent personal and business income tax rate.
Author:
Alberta
Province to stop municipalities overcharging on utility bills
Making utility bills more affordableAlberta’s government is taking action to protect Alberta’s ratepayers by introducing legislation to lower and stabilize local access fees. Affordability is a top priority for Alberta’s government, with the cost of utilities being a large focus. By introducing legislation to help reduce the cost of utility bills, the government is continuing to follow through on its commitment to make life more affordable for Albertans. This is in addition to the new short-term measures to prevent spikes in electricity prices and will help ensure long-term affordability for Albertans’ basic household expenses.
Local access fees are functioning as a regressive municipal tax that consumers pay on their utility bills. It is unacceptable for municipalities to be raking in hundreds of millions in surplus revenue off the backs of Alberta’s ratepayers and cause their utility bills to be unpredictable costs by tying their fees to a variable rate. Calgarians paid $240 in local access fees on average in 2023, compared to the $75 on average in Edmonton, thanks to Calgary’s formula relying on a variable rate. This led to $186 million more in fees being collected by the City of Calgary than expected.
To protect Alberta’s ratepayers, the Government of Alberta is introducing the Utilities Affordability Statutes Amendment Act, 2024. If passed, this legislation would promote long-term affordability and predictability for utility bills by prohibiting the use of variable rates when calculating municipalities’ local access fees. Variable rates are highly volatile, which results in wildly fluctuating electricity bills. When municipalities use this rate to calculate their local access fees, it results in higher bills for Albertans and less certainty in families’ budgets. These proposed changes would standardize how municipal fees are calculated across the province, and align with most municipalities’ current formulas.
If passed, the Utilities Affordability Statutes Amendment Act, 2024 would prevent municipalities from attempting to take advantage of Alberta’s ratepayers in the future. It would amend sections of the Electric Utilities Act and Gas Utilities Act to ensure that the Alberta Utilities Commission has stronger regulatory oversight on how these municipal fees are calculated and applied, ensuring Alberta ratepayer’s best interests are protected.
If passed, this legislation would also amend sections of the Alberta Utilities Commission Act, the Electric Utilities Act, Government Organizations Act and the Regulated Rate Option Stability Act to replace the terms “Regulated Rate Option”, “RRO”, and “Regulated Rate Provider” with “Rate of Last Resort” and “Rate of Last Resort Provider” as applicable. Quick facts
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