The Alberta Energy Ministry said it has sold a record C$2.68 billion in drilling rights so far this year, eclipsing the previous record of C$2.39 billion set in 2010.
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Panel Calls Royalty Relief ‘Failed Experiment,’ Recommends Elimination
The federal government’s royalty relief program for offshore oil and natural gas drilling has been a “failed experiment” that could cost taxpayers up to $80 billion with “precious little to show for it,” according to a report released by the congressional Joint Economic Committee (JEC) last Wednesday. Sen. Charles Schumer (D-NY), committee chairman, said it was time for the government to get rid of the “ill-conceived” program.
January 22, 2007
Panel Calls Royalty Relief ‘Failed Experiment,’ Recommends Elimination
The federal government’s royalty relief program for offshore oil and natural gas drilling has been a “failed experiment” that could cost taxpayers up to $80 billion with “precious little to show for it,” according to a new report released by the congressional Joint Economic Committee (JEC) Wednesday. Sen. Charles Schumer (D-NY), committee chairman, said it was time for the government to get rid of the “ill-conceived” program.
January 18, 2007
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