Canadian Manufacturing

Alberta to announce royalties review panel details

The spectre of a higher government take is spooking the industry, especially with oil prices hitting more than six-year lows



EDMONTON—More details are coming today on the Alberta government’s review of oil and gas royalties and on those who will conduct it.

Industry players will be keenly interested in who will be joining Dave Mowat, head of Crown-owned bank ATB Financial, on the panel.

Mowat and Energy Minister Marg McCuaig-Boyd will also clarify the panel’s mandate and invite the public to get involved.

The spectre of a higher government take is spooking the industry, especially with oil prices recently hitting more than six-year lows.

Some have argued the royalty review should be deferred until the outlook improves, while others would prefer to just get it over with.

The NDP government has already toughened greenhouse gas rules for large industrial emitters, while a separate panel weighs the province’s broader climate policy.

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