Alberta government's royalty rollback plan gets good initial reviews

摘要

Vancouver-The Alberta government's decision to make the past its new future and end what was viewed by industry leaders and investors as a raid on oil and gas profits is seen at first blush as a step toward healing a rift and restoring upstream activity.By virtually rolling back royalties to where they were before a sweeping overhaul in 2007 of a 50-year-old regime, the government has made a number of welcome modifications, although judgment will be withheld until final details of the fiscal changes are provided May 31, said the Canadian Association of Petroleum Producers, the industry's most powerful lobby group.