Alberta increases 20% royalty rates charged to energy companies

人生几何

Energy companies will be charged 20 per cent more for the right to develop Alberta's oil and gas resources, Premier Ed Stelmach revealed in a long-awaited announcement Thursday.

9 }# K6 v! x6 \+ @  XIntroducing what he called "a framework for a new century," Stelmach said oil and gas companies will be paying $1.4 billion more a year in royalties starting in 2009.
- k5 }4 v1 ]% s2 H, n# j
That figure is 25 per cent less than the $2 billion recommended by a government-appointed panel that reviewed the royalty formula, which had not changed since 1992.
# ~* c" g3 H1 V. g' z* s
6 X" V# U) y/ ^/ N! x2 h. SStelmach rejected about half of the panel's recommendations, including a new tax on oilsands production.
9 H* K. C* R5 L# q$ N( ~( h
, Z1 D* o$ X7 X" r- tHowever, royalties will increase for conventional oil, natural gas and oilsands projects, with Stelmach promising a simpler framework that reflects fluctuations in market prices.

"We recognize energy is a volatile industry. There is risk and there is reward. So when oil prices go up, the royalty goes up," Stelmach said in a news conference in Calgary.

) c* H- N( x5 e6 ]& Q[ 本帖最后由 对酒当歌 于 2007-10-25 16:31 编辑 ]

鱼儿

Will the oil price go up after the royalty rates have been increased?