The following, from the business division of The Globe, makes it look like Pammy and Christy's Trillion Dollar Sparkle Pony Army is not getting off to a good start:
The energy sector is lashing out at a British Columbia proposal to impose a major new tax on the impending export of natural gas, saying the province risks serious damage to a fledgling industry before it has a chance to take wing.
Some 10 proposals are now being considered for the shipment of liquefied natural gas from B.C., a province that has eagerly promoted the vast new revenues the coming development stands to produce. The province has said it now believes five export terminals could be built in coming years; the first could be complete by 2015....
...“The B.C. government was actually building roads to try to stimulate [natural-gas] activity – and now they want to turn around and bite the hand that’s going to feed them?” said Peter Doig, a former financial analyst who has scrutinized the potential for LNG exports. He has expressed doubts whether projects can be profitably built in B.C.
“You kind of question the economics already. And then if you throw higher royalty rates on, it’s a nail in the coffin,” he said.
Another problem for B.C.: Raising royalties on gas production could push activity outside its borders.
“They’re welcome to put royalties wherever they think best. But they are also competing against other gas that would likely be attached to the same pipeline network – Alberta gas,” said Steve Paget, an analyst with FirstEnergy Capital in Calgary...
Or, put another way....
...Live by the subsidies for the cronies on sparkle ponies, die by the subsidies for the cronies on sparkle ponies.
Or some such thing.