Alberta had a royalty review on the amount each company is charged. The results are coming up quick.
The report said to raise royalty rates by 20%. Oil firms said if it were to go up by 20%, they would pull billions of dollars in investment.
Report is out they are increasing royalties by 20%.
There will be a pre-pay out rate increase, from 1% to 9%. The pre pay out is what each company pays before they are considered a 'profitable' company or still in the start up phase.
The report said to raise royalty rates by 20%. Oil firms said if it were to go up by 20%, they would pull billions of dollars in investment.
Report is out they are increasing royalties by 20%.
There will be a pre-pay out rate increase, from 1% to 9%. The pre pay out is what each company pays before they are considered a 'profitable' company or still in the start up phase.