Sentences with phrase «oil sands royalties»

As well, they also agreed with our plan that oil sands royalties are fair as - is, and that further transparency is needed.

Alberta's oil sands royalty system is so tilted toward the industry that the Alberta government now earns more revenue from gaming and liquor than from bitumen royalties.

«We are pleased the government has concluded that the oil sands royalty framework provides the appropriate share of value to Albertans.

Not exact matches

The Panel excluded any discussion of the environmental impacts of oil sands development, although they did allow the consideration of increased oil prices generated by the pipeline on the taxes and royalties associated with forecast future oil sands production.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 - year oil sands project is a lot of risk for less than a 10 % rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.

Since then, Alberta has only become even more dependent on resource royalties, as production from the oil sands continued to march higher.

Ata boy Jeff... keep hoping the the nasty Alberta oil sands get shut down and Canada losses the employment and royalties that go to this country.

Evan Solomon: The government of Alberta, they point to these statistics: the oil sands creates $ 307 billion in tax revenue, $ 187 billion for the federal government, 23 % of employment is from oil sands, 7 % of employment in Canada from the oil sands and in Ontario alone, 7 %, they say, of employment comes from the oil sands and they say royalties of $ 1.9 billion fund programs across the country.

This notion that corporate consumers are just looking for «greener» options is what's behind Dr. Peter Silverstone's proposals for changing the royalty rates so that Alberta's oil sands producers have real incentive to make the world's greenest oil (http://greenestoil.ca/blog/).

Instead of requiring perpetual subsidies, á la the «renewable» technologies that President Obama intends to redouble if he is reelected, the oil sands generate vast sums in royalties and taxes: an anticipated $ 690 billion into federal and provincial coffers all across Canada over the life of the project.

Alberta's share from oil sands projects under the new royalty regime (hatched blue) compared to other countries.

To illustrate, Alberta collected just $ 827 million in royalties on oil sands company sales of $ 120 billion in 2016 (note that this figure also includes downstream revenues).

We tend to look at royalties, environmental regulation, job creation, and other aspects of the oil sands in a vacuum while we should be looking at them in a more integrated way.

The province will exercise its existing right to receive «royalty - in - kind» on oil sands projects (i.e. raw bitumen delivered to the Crown - operated Alberta Petroleum Marketing Commission in lieu of cash royalties).

The government will increase its royalty share from oil sands development by introducing price - sensitive formulas both pre - and post-payout, rather than implementing an industry - wide tax on oil sands production.

When the U.S. Council on Foreign Relations, a non-partisan group, explains that low taxes and low royalties have driven rapid oil sands development, Canadian taxpayers should pay full attention.

«If the long - standing trend of low royalty rates in the tar sands industry and the oil and gas sector as a whole continues, Albertans can expect to forgo significant and increasing amounts of potential revenue,» warns the report.