Tax Credit

Emerging Resources Program

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.

  • 4.5/5.0
  • Alberta. Energy
  • All levels
  • Last updated 3 years ago
  • English
Description
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.