Energy royalty review won’t raise costs: Alberta premier
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.