Our Social Credit Policies
Click on a policy for details.
2. Alberta Treasury Branches
(ATB Financial)
15.1 Oil Sands Development
15.1.1 Rate of Development: The Alberta Social Credit Government would limit the number of permits issued for oil sands development so as to moderate the growth of Alberta's economy and leave a fair share of these resources for future generations.
15.1.2 Bitumen Upgrade: The Alberta Social Credit Government would require bitumen to be processed in Alberta to ensure that the resulting benefits would be retained for Albertans. Production of bitumen would be capped until all current production is upgraded in Alberta; no new bitumen production facilities would be approved until upgrading capacity is in place to handle the new production.
15.1.3 Better Royalty Rates: The Alberta Social Credit Government would replace the 1% royalty on oil sands development for any new ventures with a rate in-line with those for conventional oil production.
15.1.4 Environmental Control: The Alberta Social Credit Government would restore government control over environmental regulations instead of relying on industry to “police itself”.
15.2 Protect Ground Water and Farm Land: The Alberta Social Credit Government would allow extraction of coal-bed methane only where developers can guarantee that ground water and farm land will not be harmed.
15.3 Alberta Oil & Gas Corporation: The Alberta Social Credit Government would establish a crown corporation, the Alberta Oil & Gas Corporation, so that Albertans could attain better control and a greater share of the profits of the oil and gas industry, as well as assist Alberta companies to become established and grow into majors without being taken over by foreign interests. The mandate of this corporation would include:
- taking an equity interest in all new oil sands projects,
- joint-venturing with Canadian-owned junior oil and gas companies.
© 2006 The Alberta Social Credit Party – All Rights Reserved.