The 2015 Royalty Review panel was announced in June of 2015 along with a
climate leadership plan. Both panels consulted with Albertans before providing advice to government.
Dave Mowat, the President & CEO of ATB Financial, was the chair of the panel. Mr. Mowat was joined by Leona Hanson, Mayor of the Town of Beaverlodge, Peter Tertzakian, Chief Energy Economist & Managing Director, ARC Financial Corporation and Annette Trimbee, President and Vice-Chancellor, University of Winnipeg. More details about the panel members and
consultation are available. Additional documents from the panel on the modernized Royalty Framework are on Open Government.
The work of the panel was guided by a mandate to identify ways to:
- Provide optimal returns to Albertans as owners of the resource,
- Continue to encourage industry investment,
- Encourage diversification opportunities such as value-added processing, innovation or other forms of investment in Alberta, and
- Support responsible development of the resource.
The public engagement involved a dialogue with Albertans which took place through the website, LetsTalkRoyalties.ca; community sessions in locations around the province; a telephone town hall; and many meetings with individuals and communities in the private, public and non-profit sectors, it was concluded in December 2015.
The technical review involved the use of three expert groups, aimed at examining specific mechanics of the royalty framework.
To support the technical review, the Panel engaged energy data analytics firms Wood Mackenzie and GLJ Petroleum Consultants, which researched and provided technical, financial and economic data regarding Alberta’s resource development opportunities and those of other jurisdictions.
Final consultation numbers
64,927 individual visits to www.letstalkroyalties.ca (agency commissioned site)
7,217 responses to questions asked by the panel
132 submitted documents
65+ meetings with key stakeholder groups, including the energy industry, First Nations, labour groups, financial institutions, universities and students, and environmental organizations
4 public engagement sessions in Grande Prairie, Fort McMurray, Calgary and Edmonton that had 550 attendees
22,710 attendees on a telephone town hall
5 “What the Panel Heard” summaries to inform additional dialogue with the public
Current royalties in Alberta