Gas Investing News » Alberta to offer $1.5 billion to boost gas industry

Alberta to offer $1.5 billion to boost gas industry

March 4, 2009 @ 12:45 am In Gas Market News

Alberta, Canada's biggest oil and gas producing province, presented its bruised up industry up to C$1.5 billion in royalty breaks and credits in a bid to boost drilling and soften the impact of sinking petroleum prices.

Energy Minister Mel Knight, said:

This is not about splashing money around.

For more details, click here ^[1]

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[1] here: http://www.reuters.com/article/governmentFilingsNews/idUSN0337239520090303