Royalty review framework to be released Friday morning
Posted Jan 27, 2016 7:04 pm.
This article is more than 5 years old.
The long-awaited new oil and gas royalty framework will be announced on Friday morning by Premier Rachel Notley.
Industry players have warned the NDP government against making any changes that would add to the pain during the downturn.
The announcement will take place in Calgary, a city that’s seen scores of job losses as a result of the crude oil price collapse.
The policy will be based on recommendations by a panel headed by Dave Mowat, head of Crown-owned bank ATB Financial.
Other panel members include energy economist Peter Tertzakian, Leona Hanson, mayor of Beaverlodge, Alta., and former Alberta deputy finance minister Annette Trimbee.
The panel began its work in August and had hoped to finish its report by the end of last year.
The NDP had originally planned to have the report released by the end of 2015, but delayed it, saying they wanted to make sure they got it right.
