En­ergy roy­alty re­view won’t raise costs: Al­berta premier

The Guardian (Charlottetown) - - BUSINESS -

ED­MON­TON — Premier Rachel Not­ley says Al­berta's re­view of en­ergy roy­al­ties will not be a wal­let-buster given that world­wide oil prices are in the tank. “I can say very defini­tively that no one's go­ing to see a roy­alty re­view that in­creases any­body's costs in the near fu­ture,” Not­ley told a leg­is­la­ture news con­fer­ence Tues­day. “We're very, very con­scious of the sit­u­a­tion that we're in here in Al­berta. “What we're go­ing to do is bring for­ward a process that is pre­dictable (and) more trans­par­ent that will give de­vel­op­ers a good un­der­stand­ing of what they can ex­pect and in no way should un­der­mine the sit­u­a­tion that they're in now.” Al­berta's four-per­son roy­alty re­view panel, headed by ATB Fi­nan­cial pres­i­dent Dave Mowat, has been tak­ing sub­mis­sions and lis­ten­ing to opin­ions since Septem­ber.

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