Comments by "Mosern1977" (@Mosern1977) on "Canada’s $30BN Gamble To Become An Energy Superpower" video.

Interesting. As a Norwegian, one aspect that was not covered here, is the benefit to the Canadian people of this? Is it just some big companies, coming in, slurping up a lot of the gas in the ground, and then making money on the export? Maybe some local jobs to help construct it, and maybe a few to keep it running. But that's it? Because I doubt those companies will pay for the cleanup when done?
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@mobo8933 - well the Norwegian mindset is that the gas found under ground would be the property of the people - not the companies extracting it. So starting tax rate for exploitation is 100%. Today I think oil and gas income in Norway is taxed at about 80% on the companies. Wondered if Canada has a similar mindset, or if it is just going to be treated as any other business? And with some clever accounting, they'll pay minimal amount of tax, and then run of with the profit. Gas isn't going out of fashion anytime soon.
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@nitinmittal213 - well, that was pretty anemic.
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@nitinmittal213 - just normal taxes, like any business? Or additional - "we are extracting a limited resource out of the ground" taxes?
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Embrace poverty and hunger!
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@nitinmittal213 Cool, and are those substantial?
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@jeffroussell - the fund is 1.6 trillion now :) Compound interest and all that. I get a feeling Australia and Canada suffers a bit from the same mentality. Australians are also discovering they are being screwed over by big companies.
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And the fact that you need 100% of the power requirement as backup if you have 100% solar and wind, shows how stupid those power sources really are.
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