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 1 week 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.