Energy Tax News: Alberta Royalty Review Report

Tough Decisions Ahead for the Alberta Government

On September 18, 2007, the Alberta Royalty Review Panel (the “Panel”) issued its Report on the Alberta Royalty and Tax Regime. The Report contains recommendations concerning the current royalty and income tax system in Alberta.

The Report will be reviewed by the Alberta government, which has indicated that it will respond by mid-October 2007. If fully adopted, the recommendations will have a significant effect on the oil and gas industry in Alberta and, in particular, on the economics of major oil sands projects.

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