According to Questerre Energy Corp., an underground lake of natural gas is buried near the St. Lawrence river. Also, another company wants to drill a well on an oil field on the border between Newfoundland and Quebec. This means that we are facing the possibility of becoming a province that contributes to equalization, not receives. We also have to consider the environmental impact of the drillings. Exploitations do pollute the air and water. I say let the companies do it. But there are going to be Taxes with a capital t.
- Taxes on destroying the fauna
- Taxes on emitting pollution into the air
- Royalty payments
- All of the other taxes that apply to businesses
So, if the companies want to exploit the resources by destroying the environment, let them. But everything they do has consequences. Taxes is one of them.