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Alberta Public Affairs Bureau
Government of Alberta and Syncrude reach new Crown agreement
December 5th, 2008
The Government of Alberta and the Syncrude joint venture owners have reached an agreement that will see the owners pay $975 million in additional royalties beginning in 2010 through 2015. This provides for full implementation of the New Royalty Framework by 2009 and meets the government's objectives for negotiated revisions to Crown agreements. "I would like to thank everyone involved in these complex negotiations for their perseverance, professionalism and positive attitude," said Premier Ed Stelmach. "Productive negotiations were essential to ensuring that Albertans continue to receive the best value for the development of the oil sands, while providing certainty for...
Source: Health Business Week (2008-12-05)
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