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ARTICLE · 09 FEBRUARY 2016

And The Word Of The Day Is…. Diversification

McCarthy Tétrault
McCarthy Tétrault
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On February 1, 2016 the Petrochemicals Diversification Program was announced as "part of the government's continued action on the economy, helping to create jobs, attract investment and diversify Alberta's economy."

CanadaEnergy and Natural Resources
Gordon Nettleton
Gordon Nettleton
Kimberly Macnab
Kimberly Macnab
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On February 1, 2016 the Petrochemicals Diversification Program (the "PDP") was announced as "part of the government's continued action on the economy, helping to create jobs, attract investment and diversify Alberta's economy." This announcement was made in the wake of the results of the royalty review released on January 30, 2016, with comparatively little fanfare. Premised on the goal of diversifying Alberta's economy, and based on the availability of methane and propane in the province, the PDP in its Fact Sheet proposes to capitalize on demand for related higher-value products and promote energy processing within the province.

Royalty Review Recommended

As set out in Alberta At A Crossroads, Royalty Review Advisory Panel Report (the "Report"), the royalty review panel's mandate included encouraging "diversification opportunities such as value-added processing, innovation or other forms of investment in Alberta". The modernized royalty review framework, as

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