Emerging Resources Program
“Alberta. Energy”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
The new Emerging Resources Program will begin January 1, 2017. It will encourage industry to open up new oil and gas resources in higher-risk and higher-cost areas that have large resource potential. This will promote industry innovation and learning in order to generate greater royalties and other benefits to Albertans.
- To provide appropriate royalty treatment for strategic emerging oil and gas resources that are high cost and high risk.
- To promote innovation and industry experience to accelerate the development of these resources.
- To generate incremental royalty revenue for Albertans over the long-term.
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