Albertans say it's time to expect more from government



    Hard working Albertans, investors and energy trusts want their voice
    heard in Ottawa

    CALGARY, June 25 /CNW/ - Tired of political misdirection and broken
promises, energy trust employees and investors are joining with the Coalition
of Canadian Energy Trusts (CCET) to launch a new Alberta-focused campaign to
demand greater accountability and honesty from the federal government. This
action stems directly from broken Conservative campaign promises to not tax
income trusts.
    "Broken promises will gravely impact our province and the whole country,"
says Sue Riddell Rose, co-chair of the CCET and president and CEO of Paramount
Energy Trust. "We have been told by our unitholders, employees, Albertans,
Canadians and business leaders to 'Don't stop now! Keep up the fight!' It is
ironic that from the Conservative heartland of Alberta, we hear this message
the loudest."
    The Coalition is inviting all Albertans to demand honesty and respect
from their MPs through a website at www.iexpectmore.ca. The campaign is a
joint effort between the CCET, its employees and the Canadian Retired & Income
Investors Association (CRIIA).
    "I believe we should expect more from our politicians. We should expect
nothing less than honesty," says Riddell Rose. "I believe that a promise made
should be a promise kept. We shouldn't accept that politicians can get away
with not telling the truth."
    On October 31, 2006, Finance Minister Jim Flaherty presented his
so-called Tax Fairness Plan breaking the Harper Conservatives' promise to not
tax income trusts. This decision caused an immediate loss in the market
costing investors approximately $35 billion. The federal Conservative
government has also unexpectedly removed capital incentives from the oil sands
and launched an attack on the energy industry through its recently announced
Green Plan.
    "I lost tens of thousands of dollars" says Gary Wallat, a retired 71 year
old Albertan and member of the CRIIA. "The income derived from Income Trusts
helps me meet my living expenses. I trusted the government when they said they
weren't going to tax income trusts and I invested my hard-earned money
accordingly. To have a Conservative Government which promised accountability
and a transparency do something like this is unbelievable. When I voted
Conservative I certainly believed they would be more trustworthy."
    The campaign features radio and print advertising. Calgarians can watch
for the ads to appear over the next five weeks with radio starting today and
print beginning Tuesday.





For further information:

For further information: interviews or campaign materials, please
contact: Daorcey Le Bray, NATIONAL Public Relations, (403) 531-0331,
dlebray@national.ca

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COALITION OF CANADIAN ENERGY TRUSTS

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