Natural Resources and Government Revenue: Recent Trends in SaskatchewanCanadian Centre Policy Alternatives, 2005 - 62 pages Since the expansion of democracy, and the election of the CCF Government in 1944, the people of Saskatchewan have consistently felt that natural resources should be developed for the benefit of all. [...] In Canada today, and in many other countries, economic rent from resource extraction and use is considered to be the difference between the basic international price of a commodity less all the costs of production - including exploration, development of the extraction process, operating the system, the capital invested and the transportation costs. [...] Economic rent under this definition would include the excess profits captured by the corporations, as well as the special taxes, fees and royalties, which are used by governments to try to appropriate a share of the rent for the general public - the legal owners of the natural resources. [...] The theory is that the private company responsible for the extraction owes royalties to the owners of the resource, the general public, and this should be considered a basic cost of production. [...] For example, in 2004-5 there was a major increase in the price of oil and natural gas unrelated to the cost of extraction, and the monopoly rent was captured by the private corporations and their owners. |
From inside the book
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Contents
Section 1 | 3 |
Section 2 | 4 |
Section 3 | 5 |
Section 4 | 8 |
Section 5 | 12 |
Section 6 | 15 |
Section 7 | 20 |
Section 8 | 22 |
Section 15 | 49 |
Section 16 | 51 |
Section 17 | 52 |
Section 18 | 53 |
Section 19 | 54 |
Section 20 | 55 |
Section 21 | 56 |
Section 22 | 57 |
Section 9 | 23 |
Section 10 | 24 |
Section 11 | 25 |
Section 12 | 30 |
Section 13 | 31 |
Section 14 | 42 |
Section 23 | 58 |
Section 24 | 59 |
Section 25 | 60 |
Section 26 | 61 |
Common terms and phrases
______________________________________________________________________________ SOURCE 50 percent Alberta Allan Blakeney Anderson announced Annual Report barrel Blakeney Government Bruce Johnstone Calgary Calvert Government Cameco Canada Canadian Energy Research capital capitalist capture cartel coal costs countries Crown Corporation drilling economic rent exported Federal Fraser Institute gas corporations gas industry greenhouse gas increase Industry and Resources investment investors Lake large transnational corporations Lorne Calvert major million mineral mining industry National Energy Board natural gas natural resources NDP Government nuclear weapons oil and gas oil corporations oil extraction oil industry OPEC operation Ottawa ownership peaked Pembina Institute percent of sales political potash potash industry PotashCorp private corporations profits province province’s provincial government Regina rent from resource reserves resource extraction resource rents resource royalties Roy Romanow royalties and taxes royalty rate Sask Oil Saskatchewan Government Saskatchewan Industry SaskEnergy SaskPower share social democratic Tommy Douglas tonne Tory Government U.S. government Warnock