01 Jun 1982
Page 1
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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 01, 1982
Page
1
Ottawa reports Energy Minister Marc Lalonde tells industry not to expect further federal tax cuts. He notes the $2 billion tax-relief package already announced while confirming no immediate further easing.
The two governments offer about 10 percent of the $74 billion the petroleum sector is expected to earn through 1986. The reforms stress natural gas as oil substitute, higher oil prices, and tweaks to federal energy taxes, with no direct consumer benefit.
British marines and paratroops battle Argentine troops for Mount Kent and surrounding ridges west of Stanley Falkland Islands. Rear Admiral John Woodward holds authority to accept a surrender before a full assault while Harrier bombers target the Stanley airstrip and ships shell fortifications. Argentina reports skirmishes and claims damage to a carrier, which Britain denies.
The parent of Caryn Todd Johnsrude says Clifford Olson, jailed for 11 murders, can draw from a $90,000 trust fund set up for his wife and infant son. Rosenfeldt notes Olson offered a Palm Springs trip to the wife’s daughter and that lawyers seek a copy of the intercepted letter. Parents of six victims push a suit to reclaim funds and return them to the public purse within two weeks.
Ottawa outlines revised four year revenue forecasts for petroleum production with a $51 billion hit split among Ottawa and the provinces Alberta British Columbia and Saskatchewan. The National Energy Program Update projects lower federal and provincial take with the industry slightly affected and tax relief measures introduced. Oil stocks priced on the Toronto exchange fall as the market reacts to the $2 billion aid package and cooling crude prices.
Medicine Hat will continue its court fight against federal natural gas taxes despite NEP changes. Utilities chair Ald. Ken Sauer calls the revisions modest but says no exemption was granted and the city will analyze the updates for possible savings. Mayor Grimm offered no immediate comment as officials study the measures.
Energy Minister Marc Lalonde announced modifications to the national energy program including a $2 billion package of tax incentives to spur investment and development. The plan trims 1986 projections, with Alberta revenues falling and government measures to boost natural gas use, storage oil moves, and loans for pipelines.
In Ottawa MPs from the NDP and PCs attacked the revised national energy program as insufficient and favoring foreign firms. Energy Minister Marc Lalonde defended the measures, worth about 2 billion, while PC critic Michael Wilson called the plan a disaster and urged his resignation. NDP critic Ian Waddell questioned the Liberal approach, suggesting deeper cuts and lower rates would better aid oil firms.
Alberta's sudden economic downturn is framed by Premier Lo as not ideological, noting an apparent shift to the right. The Medicine Hat News reports the interview discusses the economic backdrop and policy direction. Page references indicate broader coverage across pages 3 to 5.
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