CALGARY — The Alberta government is looking to boost the province's petrochemical sector with a new program that it expects will attract up to $5 billion in investment. Royalty credits amounting to $5...
A flat five per cent royalty rate will be applied on wells until their revenues equal a cost allowance, after which rates will go up.
Crises can make us restless, inquisitive, and ready for innovative revolution. With history as a guide, we can expect some noteworthy entrepreneurial trendsetters to emerge from the current crisis -- people who refuse to be intimidated and instead think creatively about making the best of a downturn.
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"Industry's anxious to get this one past us and move on."
The move gives more weight to efforts by grassroots LGBT Tories.
"The National Energy Board knows what it is doing.''
She gets that this is about more than just politics. Progress on energy projects isn't going to be achieved through grandstanding. If that were the case, we would have seen more success from the efforts of our previous provincial and federal governments.
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The proposed pipeline would take Alberta crude as far east as an Irving Oil refinery in Saint John, N.B.
"This is a project that will benefit all of Canada."
The fund also assists in product development, testing and prototyping.
A report by Bloomberg News says Ottawa is in talks to allocate $1 billion for infrastructure projects in the two provinces.
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The finance minister said infrastructure investments could help Alberta as oil prices fall.
"We're very, very conscious of the situation."
But she's not looking for a date.