Sunday, May 9, 2010

Great future for oil in Alberta

Calgary... To advance Alberta’s competitiveness in the upstream oil and gas sector, the Alberta government will modify conventional oil and natural gas royalty rates; promote more innovation and use of new technologies; and reduce unnecessary red tape while improving coordination of regulatory processes.


“Alberta is recognized around the world as a leader in technical innovation and development of energy resources,” said Premier Ed Stelmach. “These changes support the Provincial Energy Strategy. They will help us use innovation to unlock our energy resources, create opportunities and jobs in communities large and small across our province and strengthen Alberta's economic recovery.”


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