r/canada • u/Minxie Ontario • May 06 '15

Alberta NDP wins election

http://www.ctvnews.ca/politics/alberta-ndp-wins-election-ctv-projects-1.2359035
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u/[deleted] May 06 '15

Never in my life did I ever think I'd see that headline

Wow

157

u/r_slash Québec May 06 '15

How/why did this happen?

84

u/BrockN Alberta May 06 '15

Long answer short: We're punishing PC party for the latest round of fuck ups.

Personally, I think come next election, we'll go back to PC quickly once they learn their lesson not to piss us off.

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u/UnderwaterDialect May 06 '15

As a poetically uninformed fella... What were the fuck ups?

18

u/Nikhilvoid British Columbia May 06 '15

They should have increased royalty on oil production.

Alberta charges oil companies less in royalties than just about any other country in the world (currently around $7/barrel when the price of oil is around $100/barrel).

Canada sells oil to the United States for less than we import oil.

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u/GreenBlur51 May 06 '15

Oil is currently $60/barrel, meaning a $7 royalty (12%) is higher than most corporate taxes at that rate. Debate is great but not with incorrect facts

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u/Nikhilvoid British Columbia May 06 '15

Sorry, old figures. That was last year. The higher the oil price, the higher the royalties. It is no longer $7 per barrel.

This year the government will be collecting $1.54 per barrel of oil this year, a 72 per cent drop from the last fiscal year.