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Co2 Projects Royalty Credit Regulation (Alta. Reg. 120/2003).

Country/Territory
Canada
Territorial subdivision
Alberta
Document type
Regulation
Date
2003 (2008)
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Mining Exploration Natural gas Oil Enforcement/compliance
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Entry into force notes
The present Regulation expires on 30 June 2014.
Abstract

The present Regulation is made under the Mines and Minerals Act (RSA 2000, c. M-17). For the purpose of the present Regulation a “CO2 project means” a scheme approved under the Oil and Gas Conservation Act: (i) for enhanced recovery of petroleum or natural gas from any underground formation through the injection of CO2 into the formation, or (ii) for the injection of CO2 into a coal seam to recover natural gas from the coal seam, where CO2 was not injected into the underground formation or coal seam, as the case may be. In particular, section 2 establishes that the Minister is authorized, in accordance with this Regulation, to establish credits equal to not more than 30% of any or all of the categories listed in this section of items in relation to an approved CO2 project. The text – consisting of 14 sections – deals, inter alia, with the following aspects: interpretation, authority for credits, approval for CO2 projects, approved equipment, eligible capital costs, operating cost allowance, connected persons, application for and establishing of credits, records, artificial transactions and non-compliance and recovery of unauthorized credits.

Full text
English
Website
www.gov.ab.ca

References - Legislation

Implements

Mines and Minerals Act (RSA 2000, c. M-17).

Legislation | Canada | 1980 (2020)

Keyword: Mining, Minerals, Coal, Oil, Exploration, Authorization/permit

Source: FAO, FAOLEX