The Canadian Association of Petroleum Producers wants to work with the province of Alberta on it’s current royalty review. The review was begun in late August and is expected to wrap up in December. CAPP’s Vice President of Communications Jeff Gaulin says they didn’t ask for the royalty review, but now that there is one it’s an opportunity to make the system better.
“When we look at things like royalties, it shouldn’t just be about taking a bigger hike of royalties, it should be about how do we sell more product to more customers at a better price. That’s the way to grow the oil and gas business in Alberta for the benefit of all Albertans.”
Gaulin says CAPP is getting as hands on and engaged with the review as possible by participating both technically by consulting with the panel, and by speaking with the public about the review. He says the focus of the review needs to be how the province can best succeed as a supplier of the world’s energy.
“We have the energy the world needs, but our challenge is getting it there. We don’t have the economic infrastructure, so we really need to focus efforts in the months and years ahead about building pipelines and other infrastructure to take Canada’s oil and gas to new customers.”
Gaulin was in Grande Prairie last week to speak to residents and Chamber Members about how Alberta can find it’s competitive edge.