Alberta Party Opposition Leader Greg Clark is pleased the government listened to the advice of the expert panel, and accepted many of the key recommendations of the Alberta Party Caucus royalty plan.
“Just like in our royalty plan, the panel has found that Albertans are getting a fair share from oil and gas royalties, and that our royalties today are globally competitive,” said Clark.
“As well, they also agreed with our plan that oil sands royalties are fair as-is, and that further transparency is needed. I urge them to take this one step further by compiling and issuing an annual Resource Owners Report, both to inform and educate Albertans as to the many ways we benefit from our energy industry.”
Clark said he’s encouraged by the incentive to reduce costs and innovate for non-oil sands production.
“I’m supportive of anything that promotes efficiency and innovation to benefit both producers and Albertans,” said Clark. “But I do have some concerns about the impact this will have on small operators and service companies, and we have yet to see the actual royalty curves.
“As always, the devil is in the details.”
Clark has concerns about the lack of details about the government’s value-add strategy.
“If refining and upgrading made economic sense we’d have more projects already underway driven by industry,” said Clark. “The best value-add strategy is to gain market access so that our products fetch fair market prices.
“I’ll be keeping a close eye on the value-add panel that will be created soon to ensure they base their decisions on economic benefit, not ideology.”
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