How to ensure Saskatchewan’s long-term prosperity - CanadianInvestor CanadiansInvest
Saskatchewan is the beneficiary of elevated pricing and improved long-term prospects for nearly all of the many commodities it produces: grain, oilseeds, oil, gas, potash, uranium, gold, copper and forestry products.
The recent re-ignition of enthusiasm for nuclear power in the European Union and elsewhere is a consequence of shortages of power supplies from intermittent and erratic wind and solar power generation. The effective rationing of natural gas supplies has improved investor sentiment for uranium and the future pricing power for that energy metal.
For example, Saskatchewan’s government could take a leaf from the Quebec government’s playbook by gradually reducing corporate income tax rates, at an affordable half a per cent per year, while declaring this policy will continue for many years. The government should also provide regulatory certainty, ensuring that new industry rules are few and straightforward, and seek to eliminate punitive, arbitrary, subjective or obsolete laws and policies.
The Saskatchewan government should take a leaf from resource-dominated American states and proactively enact legislation that compels government agencies not to do business with financial firms or other corporate entities that discriminate against firms engaged in lawful activity in the energy, mining, forestry, agriculture and related sectors, under the guise of a pernicious form of green social credit scoring called ESG: environmental, social and governance standards created by outside, often...
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