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Mar 12/10 - Local business leaders are hopeful that changes to Alberta's energy royalty structure will bring about more positive news. The maximum royalty rates for conventional oil will be cut to 40% from 50% while natural gas will from from 50% to 36%. Tracy Heebner with the Economic Development Alliance of Southeast Alberta says that's good on the local scene, as natural gas has seen difficult issues including higher supply that oil hasn't seen. She says one of the big issues that was addressed by the Stelmach government was discussions with industry, which has received positive feedback from the companies spoken with. Heebner says she's also hopeful the province also takes a look into alternative energy sources like wind and solar. She says that would help solidify Alberta as being a complete "energy leader".
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Andy Carlson
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