Alberta to the rescue
Government plans ‘short-term’ incentives for junior producers, drillers; details to come; Stelmach, Knight rule out royalty changes
For Petroleum News
The Alberta government is caving in to pressure from all sides by promising help for the small- and mid-cap oil and gas sector that it insists won’t involve royalty rollbacks or direct cash subsidies.
Just days after announcing it had launched a comprehensive study of Alberta’s competitive position....
[additional news subjects in this story]
Two changes since 2007
Knight meeting with banks
Companies don’t agree
Government controls royalties
Oil sands could shed C$241 billion
Some projects in peril
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