Sentences with phrase «royalty review»

Question: When is the most ridiculous time to perform and make public a resource royalty review?

Source: Alberta Royalty Review Panel Saying that «Future generations of Albertans will receive a fair share from the development of their resources,» Alberta Premier Ed Stelmach last week unveiled the... Read more →

Last year also saw the Alberta Royalty Review — an independent panel of experts appointed by the province to conduct a review of Alberta's royalty and tax regime, to ensure Albertans are receiving a fair share from energy development through royalties, taxes, and fees.

Premier Rachel Notley recruited Dave Mowat to head up a new Royalty Review Panel earlier this year to update the formula whereby oil and gas producers repay Alberta for the resources they extract.

-- Dave Mowat, Royalty Review Advisory Panel Chair (press release)

Mr Prentice ridiculed the NDP plan to create a resource commission, saying that the results of the last royalty review were «devastating».

Alberta's Royalty Review panel stopped in Edmonton on Oct. 6, 2015 for the fourth and final scheduled community consultation meeting.

Notley launched a royalty review panel to assess whether oil companies are giving Albertans a fair shake, and the results might alter the industry's economics.

Oilpatch candidates like Jim Dinning have never appealed to the other constituencies, and rural nice guy Ed Stelmach was ultimately undone by challenging the oilpatch with his royalty review.

«Our heart goes out to the Albertans who suffered job losses because of the instability caused by calling the royalty review.

Completion of the royalty review provides certainty, predictability and helps increase investor confidence in the Province.

Here is what energy industry executives, progressive advocates and opposition politicians had to say about the Royalty Review panel report released on Friday, Jan. 29, 2016:

To give credit where credit is due, Mr. Stelmach also delivered on a royalty review, which he quickly backed away from, and to putting an end to health care premiums, a policy Mr. Prentice was about to drop.

While low oil prices have had a depressing effect on oil well drilling globally, the royalty review — coupled with a massive new carbon tax — have driven already limited capital investment to other, more stable and competitive jurisdictions like Saskatchewan.

So I find it laughable when the energy industry suddenly realizes that the royalty review is real and, as you point out, flies off the handle in public.

Ms Notley replied that the royalty review did not cause the international drop in oil prices (she's right, Alberta may think it's the centre of the oil universe, but it's not OPEC), and the commission would be a transparent forum to ensure Albertans get the best value for their natural resources.

They said Rachel must do two things: (1) make Alberta conducive to foreign investment in the energy sector (if «conducive» means keeping corporate taxes at 10 % and scraping the royalty review, it ain't happening) and (2) be an unabashedly advocate for pipelines.

Any plan to deal with the revenue problem will likely come after the government receives a much anticipated report from the royalty review panel chaired by ATB President and CEO Dave Mowat.

Firstly, we're seeing a lot of commentators suggesting that the new NDP government drag its heels on a royalty review commission, corporate taxation, and a number of other campaign pledges.

The headline on the front page of the Herald today was «Royalty review to proceed».

Jerrymacgp I too was puzzled, well amazed actually, by the commentators who want the NDP to go slow with the royalty review, the corporate tax hike, etc..

This will help offset the increase in corporate taxes and whatever may fall out of the royalty review process.

why shouldn't we have a royalty review?)

Canadian energy stocks plummeted overnight in response to the «economic risk and uncertainty» resulting from Albertans» foolhardy decision to replace the business - friendly PC regime with an untested «left - leaning» NDP government that promised a royalty review, no further support for the Keystone XL and Northern Gateway pipelines and a two - point increase in corporate taxes.

The Alberta Government has appointed three wise men to help: Former Governor of The Bank of Canada David Dodge to develop an infrastructure plan, University of Alberta economist Andrew Leach to lead the Climate Change Panel, and ATB CEO Dave Mowat to head up the Royalty Review panel.

During a royalty review the first item on my check list is to look for products not linked to a royalty contract.

The province is dealing with the triple whammy of low natural gas prices, federal Finance Minister Jim Flaherty's taxing of income trusts, and the fallout from the recommendations that arose out of the Alberta government's royalty review.

«I don't think we've seen the end of the fallout of the royalty review yet,» says Kenneth Warren, managing partner of the Calgary office of Gowling Lafleur Henderson LLP.

«We'll know better when the rules are finalized and have come into force, but there are segments in the industry that are significantly affected by the royalty review.

«The real trigger for the rise of the Wildrose party as a major player on the Alberta political stage was Ed Stelmach's royalty review,» Bratt explained in the Calgary Herald in 2012.

There is also concern in the industry about the royalty review in the oil and gas sector and there has been advocacy to get it through as quickly as possible.