About: Alberta Royalty Review

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The 2007 Alberta Royalty Review was an independent panel, chaired by William M. Hunter, established by the government of Alberta to review the level of resource royalties collected by the provincial government from petroleum and natural gas companies. In their final report entitled "Our Fair Share" released on September 18, 2007 the panel concluded that Albertans, who own their natural resources, were not receiving their "fair share" from energy development. Royalty rates and formulas had "not kept pace with changes in the resource base and world energy markets." As a result of the review new regulations came into effect under the Alberta Mines and Minerals Act including the Petroleum Royalty Regulation, 2009, and the Natural Gas Royalty Regulation, 2009. The government of Alberta expected

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rdfs:label	Alberta Royalty Review (en)
rdfs:comment	The 2007 Alberta Royalty Review was an independent panel, chaired by William M. Hunter, established by the government of Alberta to review the level of resource royalties collected by the provincial government from petroleum and natural gas companies. In their final report entitled "Our Fair Share" released on September 18, 2007 the panel concluded that Albertans, who own their natural resources, were not receiving their "fair share" from energy development. Royalty rates and formulas had "not kept pace with changes in the resource base and world energy markets." As a result of the review new regulations came into effect under the Alberta Mines and Minerals Act including the Petroleum Royalty Regulation, 2009, and the Natural Gas Royalty Regulation, 2009. The government of Alberta expected (en)
foaf:homepage	http://www.albertaroyaltyreview.ca/
dcterms:subject	Economy of Alberta Provincial commissions and inquiries in Canada Energy policy Canadian commissions and inquiries Petroleum politics Politics of Alberta 2007 in Alberta 2007 in Canadian politics Energy in Alberta
Wikipage page ID	13683986 (xsd:integer)
Wikipage revision ID	1022897257 (xsd:integer)
Link from a Wikipage to another Wikipage	Canada Revenue Agency Benchmark (crude oil) Parkland Institute Wood Mackenzie Price of oil 2008 Alberta general election 2012 Alberta general election Economy of Alberta Provincial commissions and inquiries in Canada Peter Lougheed Underlying University of Alberta Vertical integration Energy policy Government of Alberta Crown land Natural Resources Acts Commodity Canadian commissions and inquiries Petroleum politics Politics of Alberta Western Canadian Select Wildrose Party Futures contract Mineral rights 2007 in Alberta 2007 in Canadian politics Ed Stelmach Financial crisis of 2007–2008 Northern Alberta Natural-gas condensate The Crown Energy in Alberta Surveying Homestead (buildings) Don Getty New York Mercantile Exchange Ralph Klein West Texas Intermediate Oil field Naphtha The Goose That Laid the Golden Eggs National Oil Company Oilsands Alberta Liberals Alberta New Democrats Resource royalties Organization of Petroleum Exporting Countries
Link from a Wikipage to an external page	http://www.albertaroyaltyreview.ca/ http://www.cbc.ca/edmonton/features/royalties/
sameAs	Alberta Royalty Review Alberta Royalty Review Alberta Royalty Review Alberta Royalty Review
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has abstract	The 2007 Alberta Royalty Review was an independent panel, chaired by William M. Hunter, established by the government of Alberta to review the level of resource royalties collected by the provincial government from petroleum and natural gas companies. In their final report entitled "Our Fair Share" released on September 18, 2007 the panel concluded that Albertans, who own their natural resources, were not receiving their "fair share" from energy development. Royalty rates and formulas had "not kept pace with changes in the resource base and world energy markets." As a result of the review new regulations came into effect under the Alberta Mines and Minerals Act including the Petroleum Royalty Regulation, 2009, and the Natural Gas Royalty Regulation, 2009. The government of Alberta expected to collect approximately $2 billion annually with new royalty formulas implemented in 2009. Instead of an increase in royalties on oil and gas, Alberta collected $13.5 billion less from 2009 to 2014 with the new formula. There was a flaw in the 2009 New Well Royalty Rate formula which was in effect by May 1, 2011, regarding the royalties on gas which had provided almost 67% of total royalties collected by Alberta prior to 2009. Under the 2009 formula applied to Natural Gas and By-products represented a decrease from the previous fixed rates. With this formula gas royalties declined by approximately $5 billion per year and provided only 17% of total royalties. In 2008 the global price of oil plummeted from an all-time high of $145 a barrel on July 8, 2008 to $32 a barrel later in 2008 resulting in "the cancellation of many energy projects" in Alberta. By 2015 several of these oil projects had not resumed. In spite of this, Alberta collected $2 billion in oil sands royalties in the post-2009 period with the new rate of 20% compared to $1.5 billion from 2004 to 2009 with the old rate of 15%. (en)
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prov:wasDerivedFrom	wikipedia-en:Alberta_Royalty_Review?oldid=1022897257&ns=0
page length (characters) of wiki page	28184 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Alberta_Royalty_Review
is Link from a Wikipage to another Wikipage of	Peter Lougheed Mel Knight Sturgeon Refinery Disinvestment List of Canadian royal commissions Ed Stelmach
is foaf:primaryTopic of	wikipedia-en:Alberta_Royalty_Review

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