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ARTICLE · 04 FEBRUARY 2016

Alberta Announces New Oil And Gas Royalty Framework

Following the general election on May 5, 2015, Alberta's new government moved swiftly to strike a panel (the Panel) to review and recommend changes to Alberta's oil and gas royalty framework.

CanadaEnergy and Natural Resources

Introduction

Following the general election on May 5, 2015, Alberta's new government moved swiftly to strike a panel (the Panel) to review and recommend changes to Alberta's oil and gas royalty framework.

The Panel consisted of four members, drawn from a variety of backgrounds, who were given a mandate to produce a report (the Report) that would provide recommended changes to the royalty framework in order to: (a) provide optimal returns to Albertans as owners of the resource; (b) continue to encourage industry investment; (c) encourage diversification opportunities such as value-added processing, innovation or other forms of investment in Alberta; and (d) support responsible development of the resource. The Report was made public on January 29, 2016.

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