Alberta announces royalty program as part of plan to double oilsands production

Alberta's announcement of a new royalty program aims to boost oilsands production by cutting the financial hurdles for new projects and expansions. This move comes as the province looks to double its oilsands output, a key strategy tied to the development of the Pacific Link pipeline. By easing upfront costs, the plan hopes to attract more companies to invest in the sector, which is crucial for the region's economic growth and employment. This initiative could reshape the competitive landscape for energy projects in Canada and influence national energy policy.