Petrochemicals Diversification Program Royalty Credit Regulation (Alta. Reg. 54/2016). Country/Territory Canada Territorial subdivision Alberta Document type Regulation Date 2016 Source FAO, FAOLEX Subject Mineral resources Keyword Natural gas Oil Business/industry/corporations Royalties/fees Authorization/permit Internal trade Credit Enforcement/compliance Geographical area Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic Abstract This Regulation is made under the Mines and Minerals Act to encourage companies to invest in the development of new Alberta petrochemical facilities. In particular, the Regulation authorizes the Minister of Energy to establish royalty credits for the consumption of methane or propane, and permit approved petrochemical facilities to trade their earned credits with oil or natural gas producers to reduce their royalty payments. The text consists of 10 sections. 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