Tag: royalty
Alberta’s economy is diversifying, with strong manufacturing growth
Alberta economy setting all-time records in retail and hospitality sales Alberta’s economy turned the corner in 2017, ending the year as the fastest-growing economy in the country with increases in nearly every sector, according to an Alberta government press release. Tens of thousands of full-time jobs were added to Alberta’s economy and the unemployment rate […]
Osum closes royalty sale to fund oil sands expansion
Expansion expected to add 1,500 barrels per day of production Osum Oil Sands Corp., a private oil sands company, announced it has approved the commencement of the Phase 2B expansion at its Orion Thermal Project, according to a press release. In conjunction with this, Osum, through its wholly-owned subsidiary, Osum Production Corp., sold a 4 […]
Alberta must take action on abandoned oil and gas wells – CD Howe Institute
“Society should accept some risk in exchange for greater economic activity.” – study If Alberta doesn’t change how it requires companies to finance their own oil and gas well cleanup costs, the energy industry and, ultimately, taxpayers in Alberta face cleanup costs of up to $8 billion, according to a report by the C.D. Howe […]
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