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Emerging Resources Royalty Regulation (Alta. Reg. 209/2016).

Country/Territory
Canada
Territorial subdivision
Alberta
Document type
Regulation
Date
2016
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Oil Natural gas Business/industry/corporations Enforcement/compliance
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Entry into force notes
This Regulation expires on 30 June 2045.
Abstract

This Regulation is made under the Mines and Minerals Act to encourage industry to open up new oil and gas resources in higher-risk and higher-cost areas that have large resource potential in order to generate greater royalties and other benefits to Albertans. The Regulation reduces Crown royalty due on hydrocarbons obtained from eligible wells in a project approved by the Minister on or after January 1, 2017 and on or before December 31, 2039. The text consists of 19 sections and 1 Schedule.

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