Accountability Now Posted August 12, 2013 Report Posted August 12, 2013 If companies are awash in money and sitting on it as we keep hearing, they don't need ours. That money would go a long way eg toward closing the gap in education funding between First Nations and all other Canadian children. I don't think you get it. These comapanies can choose to invest here or elsewhere. If they can make more money elsewhere then they will leaving Canadians and First Nations people with nothing. Nothing meaing no corporate tax, royalies, spin off jobs from the various supporting industries. I trust the government can do a better job of negotiating these subsidies however eliminating them would also eliminate numerous royalties, tax and other benefits that we can see. We can choose to push off developing these products until a time where reserves are low thus forcing the oil companies hands but we may be well into green energy by that point which will then make the oil worth much less...which again equates into much less for everyone. Of course I don't need to argue this point to people of the First Nations as the vast majority of their income is derived from oil and gas. Just look at the 2009 audit... 1% comes from IOGC however we know that resources are controlled by the province and low and behold, 71% of the trust comes from Alberta alone. PS...I never did get a response from you in the CEO Aborginal forum regarding the potential break up of the AFN with the Prairie cheifs looking to go rogue. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.