Saturday, December 10, 2016

--The Alberta government is pledging half a billion dollars in royalty credits to two petrochemical projects. One is planned for an industrial area north of Edmonton and another is planned for an area east of the city.-----------Jas Awid Great ..more crap going in the air / ground out here in the North End ....... Oi !!! Like · Reply · Dec 5, 2016 3:47pm James Kambeitz Well at least it will also provide thousands of jobs. Be happy about that. Who knows maybe the smaller amount of propane being used will even things out:) Like · Reply · 2 · Dec 5, 2016 4:01pm Barbara Ross James Kambeitz Apparantly there will be a grand total of 240 permanent jobs created between these 2 companies. There were 16 companies trying for this money, smaller companies with novel ideas who were given ZERO. Did we vote these people in to power?? Unlike · Reply · 2 · Dec 6, 2016 9:37am James Kambeitz Barbara Ross 240 permanent jobs but how many for the change over. plus the off shoots of such things as welding and so on. Like · Reply · Dec 7, 2016 6:35pm Julie Ali · University of Alberta James Kambeitz This is just carrying on the PC style politics and we have no change with the NDP folks. I don't see the value of subsidizing these projects. A true free market in Alberta would ensure we are not pumping money or money in the form of royalty credits into companies. What are we? The bank of companies that can't make it without our public dollars? Why are the NDP folks continuing the failed politics and policies of the PC folks? I guess government never changes its tendencies to P3 the private sector for no good reason that I can determine.

Creating jobs with royalty credits that were lost with the Carbon tax policy.
Hmm... is there a fly in this ointment?

The Alberta government is pledging half a billion dollars in royalty credits to two petrochemical projects planned for an industrial area north of Edmonton.
GLOBALNEWS.CA|BY STAFF

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http://globalnews.ca/news/3107516/alberta-chooses-two-petrochemical-plants-for-500m-in-royalty-credits/
December 5, 2016 1:47 pm
Updated: December 5, 2016 7:55 pm

Alberta chooses 2 petrochemical plants for $500M in royalty credits

By Staff The Canadian Press
The Alberta government is pledging half a billion
dollars in royalty credits to two petrochemical projects planned for
an industrial area north of Edmonton.
The Alberta government is pledging half a billion dollars in royalty credits to two petrochemical projects planned for an industrial area north of Edmonton.
Shallima Maharaj, Global News
- A A +
The Alberta government is pledging half a billion dollars in royalty credits to two petrochemical projects. One is planned for an industrial area north of Edmonton and another is planned for an area east of the city.
Energy Minister Marg McCuaig-Boyd says the projects to convert propane into higher-value plastic or plastic feedstock will diversify the economy and provide thousands of construction jobs.
Both projects had previously been announced by their Calgary-based pipeline company recipients.

RELATED

Pembina Pipeline is to receive up to $300 million in royalty credits for its proposed integrated propylene and polypropylene facility in Sturgeon County to be built for about $4 billion. In April, it announced a joint feasibility study on the project with partner Petrochemical Industries Company, a subsidiary of the Kuwait Petroleum Corp.
Inter Pipeline is to receive up to $200 million in credits for its proposed $1.85-billion propylene facility in Strathcona County, a project it inherited when it bought Williams Canada in September.
The government says its royalty credits will only be provided after construction is complete and a facility is operating.

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Jon Styles ·
How nice of the government to give our money to these two oil giants. Assuming we have 2M tax payers, each one is paying $250 for this.
UnlikeReply2Dec 5, 2016 9:18pm
Dwight Steen
Our poor grand kids have a lot to pay back
UnlikeReply2Dec 5, 2016 6:02pm
Patrick Lawson
Lying IDIOTS giving our money away.
LikeReply1Dec 5, 2016 5:12pm
Jas Awid
Great ..more crap going in the air / ground out here in the North End ....... Oi !!!
James Kambeitz
Well at least it will also provide thousands of jobs. Be happy about that. Who knows maybe the smaller amount of propane being used will even things out:)
LikeReply2Dec 5, 2016 4:01pm
Barbara Ross
James Kambeitz Apparantly there will be a grand total of 240 permanent jobs created between these 2 companies. There were 16 companies trying for this money, smaller companies with novel ideas who were given ZERO. Did we vote these people in to power??
UnlikeReply2Dec 6, 2016 9:37am
James Kambeitz
Barbara Ross 240 permanent jobs but how many for the change over. plus the off shoots of such things as welding and so on.
LikeReplyDec 7, 2016 6:35pm
Julie Ali ·
James Kambeitz This is just carrying on the PC style politics and we have no change with the NDP folks. I don't see the value of subsidizing these projects. A true free market in Alberta would ensure we are not pumping money or money in the form of royalty credits into companies. What are we? The bank of companies that can't make it without our public dollars?

Why are the NDP folks continuing the failed politics and policies of the PC folks? I guess government never changes its tendencies to P3 the private sector for no good reason that I can determine.
LikeReplyJust now

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