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Alberta to unveil new oil, gas royalty framework Friday

Published 2016-01-27, 06:46 p/m
© Reuters.  Alberta to unveil new oil, gas royalty framework Friday

Jan 27 (Reuters) - Alberta will outline its new oil and gas
royalty framework on Friday, fulfilling an election campaign
promise by the Western Canadian province's new left-leaning New
Democrat government.
The review has unsettled the Alberta oil and gas industry,
already reeling from the sharp drop in the crude price, which
has warned that increases to royalty payments could lead to even
more job losses in the province.
In August, provincial energy minister Marg McCuaig-Boyd
pledged that royalty rates would not change until 2017.

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