Related Articles
Forward article link
Share PDF with colleagues

Canada's oil sands get a tax reprieve

The slump in crude prices has nixed Alberta's plans to raise royalties. The province retains its generous investment regime

After eight months of uncertainty in Canada’s oil sands, Alberta’s recently elected New Democratic Party (NDP) government shocked nearly everyone with its decision on a new royalty regime. The surprise conclusion: it will change nothing.  After campaigning last year on a promise to ensure that Albertans “get their fair share” of resource rents, most expected the left-leaning NDP to raise royalty rates. But the 29 January decision to leave the regime largely unchanged shows the government now believes Albertans are indeed getting their due from the oil patch, despite a C$6bn ($4.3bn) shortfall in the public accounts from low oil prices. Plunging oil prices made thoughts of clobbering produc

Also in this section
Nervy times in Kenya's elections
11 August 2017
Oil companies will be hoping that the relatively calm passing of the country's presidential elections will pave the way for faster progress towards pipeline exports
Rosneft vs Sistema brings echoes of Yukos affair
8 August 2017
For long-term investors in Russia, the nightmare unfolding for the privately held conglomerate Sistema gives them a distinct sense of déjà-vu
Burisma and the case for Ukrainian energy independence
8 August 2017
The reserves are there, but the government needs to help out, says the head of the country's largest independent gas producer