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Re: New refinery in Alberta eager to prove the doubters wrongComments at end of article,,, Diana Daunheimer So let's get this straight, Albertan's pay $9.5 billion for the construction, and nearly $1 billion per year, for 30 years, in processing tolls on the bitumen refined, to make an estimated $88 million per year? That is some sickly bitumen contractual obligations, that will certainly give Albertan's money trouble. Why no mention of the $26 billion dollar toll commitment Claudia Catteneo? Mighty big consideration to the overall financial picture, no? To further, there is very little royalty revenue associated with the project, as the province is providing the majority of the feedstock, in lieu of royalties from producers. Hardly funny, but easy to calculate and appreciate, why this project is under scrutiny and review. Blatant lies might be part of the sport as well. "Ian MacGregor, chief executive of North West Refining, which owns half of the Sturgeon project along with Canadian Natural Resources, told the Alberta legislature in 2013 the project’s costs would not escalate beyond $5.7 billion. “We plan to build it for $5.7 billion, and our fee structure runs out at $6.5 billion,” MacGregor said at the time. “I get a lot of questions about, what happens if this costs more than $6.5 billion? My answer is, it’s not going to. We meant $5.7 billion when we said it.” Diana Daunheimer Even the AER has stated in the St- |
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