The Canadian Association of Petroleum Producers (CAPP) presented today to the Alberta Royalty Review as part of its sessions in Calgary. CAPP's overview summarized the current state of the industry in Alberta, including maturing conventional oil and gas resources and the shift to the vast unconventional resources in the province. The presentation also looked at several factors contributing to the current state such as price increases, cost increases, impacts of government policy and international competitiveness.
The presentation also released a recent IPSOS-Reid survey which polled Albertans about their opinions on the $14.3 billion in total royalty collected from the oil and gas industry in Alberta. Noteworthy findings of the survey include:
- Sixty-four per cent of Albertans said they felt that this was either too high or about right.
- In drilling deeper into what Albertans think about this, participants were asked what they felt about half of the net revenue from oil sands being collected by governments in royalties and taxes, 70 per cent felt it was too high or about right.
For a copy of CAPP's presentation and the IPSOS-Reid survey results, please click here. CAPP is pleased to contribute this information as part of the royalty review process and to help Albertans better understand the Alberta royalty system.