On January 29, 2016 Alberta's NDP Government announced a
summary of a Modernized Royalty Framework (MRF) that it intends to
implement.
During last spring's election campaign, the NDP had promised
to review the Province's royalty system. The objective of
this review was to design a royalty system that Albertans could
trust. The promise was made in response to the concerns of
some Albertans that the royalty systems designed by the previous
Government (the energy industry-friendly Progressive Conservative
Party) were not giving the Province its fair share of the value of
its oil and gas resources.
The Royalty Review Advisory Panel
In August 2015, the Government appointed a Royalty Review
Advisory Panel to conduct the review. The Review Panel's
process included public engagement and technical reviews. The
public engagement involved online and face-to-face dialogue with a
broad cross-section of Albertans. The technical reviews included
the use of three expert groups
