Regarding the PQ and development of natural resources:
http://business.financialpost.com/2012/09/05/pq-win-throws-corporate-deals-resource-development-into-question-says-business-lobby/
This part is especially interesting:
"The party (PQ) has pledged to put in place an automatic minimum 5% mining royalty on the value of production as well as a 30% tax on surplus profits. It would also impose a 50% tax on any eventual oil production and declare a moratorium on shale gas development, which is essentially already in place pending the result of an environmental review.
One big unknown is exactly what will happen to Mr. Charest’s key economic legacy program, the Plan Nord – a plan to develop Quebec’s northern territory worth $80-billion in investments over 25 years. Launched in May 2011, the plan in its current form could be at risk and stakeholders face increased uncertainty with a change in government, Desjardins Capital Markets said in an analysis published July 30.
PQ has said it is favourable to northern development, and Ms. Marois is not likely to scrap the Plan Nord. But with the plan facing several key milestones in the next six to 12 months, including new decisions on rail and gas infrastructure, how she’ll follow through on what’s already been done is unclear."
Mike also posted on his blog yesterday, he states that:
"With negative rhetoric during the campaign, all the political parties sought to curry favour with the 60% of Quebecers who state they are in favour of a ‘shale gas moratorium’. Far fewer than 60% of Quebecers know that shale gas and natural gas are virtually the same thing. So perhaps it not a surprise that at the same time, all political parties also indicated they could be in favour of developing natural gas in Quebec.
The Parti Quebecois is in favour if a satisfactory environmental study says it can be done safely and Quebec gets it fair share.
The Liberal party is in favour if the current environmental study concludes it can be developed safely and Quebec gets more.
Quebec Solidaire is in favour if the project is nationalized and it can be done safely.
Only the CAQ firmly stated that the technology is not ready yet."
http://blog.questerre.com/en/?p=466
Nice to see the SP the last two days, take care!
