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"Innovative Energy Technologies Regulation "

Innovative Energy Technologies Regulation

This regulation, made under the Mines and Minerals Act, authorizes the Minister of Energy to provide royalty adjustments to pilot and demonstration projects that use innovative technologies to increase recoveries of existing reserves. It is designed to support innovation, research, and technological development, and to encourage the responsible development of oil, natural gas and oil sands reserves in Alberta. Successful applicants can receive a royalty adjustment of up to 30 per cent of approved project costs to a maximum of $10,000,000.
 
    Chapter/Regulation: 250/2004
    Status: Office Consolidation
    Related Act
    Ministry Responsible: Energy
    Current to 172/2017
    Item/ISBN#: 9780779798810
    Regulation-Making Authority: Order In Council
    Pages 14
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