Oil and gas royalties
Oil and gas industry will not be able to begin working on new projects without waiting until the end of the year.
Alberta is introducing two royalty programs to encourage the energy sector to spend more on developments.
System will be based on recommendations from an expert panel led by the head of Crown-owned bank ATB Financial.
Think-tank argues a cash-flow tax would better account for the cost of doing business than a gross revenue royalty.
Findings, to be filed by the end of the year, will be made public.
Premier says provincial government has no plans to review the rates it charges oil companies.
Advice for Alberta’s NDP government this time around.
NDP energy head makes a review of the province’s oil and gas royalties a priority for the new government.
Federal transfers for capital projects will generate an extra $232 million in provincial revenue.