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Implications of Changing Environmental Requirements on Oil Sands Royalties
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- Author(s) / Creator(s)
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Environmental requirements for oil sands operations have increased over time and are likely to continue to do so. Oil sands operators are responsible for the costs associated with meeting environmental requirements prescribed by the government. However, the province’s oil sands royalty regime incorporates deductions for allowed costs which include costs of meeting environmental requirements. Therefore, in effect, increasing environmental requirements, which often mean greater costs, results in reduced government royalties.
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- Date created
- 2012-06-21
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- Type of Item
- Report
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- License
- Attribution 3.0 International