IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Loan guarantee

On February 26, 2018 the government of Alberta announced that it will invest in oilsands bitumen upgrading, taking action on recommendations from the Energy Diversification Advisory Committee (EDAC). The government will support up to Can.$1 billion (US$779 million) for partial upgrading over eight years beginning in 2019-2020, which will include a variety of fiscal tools including loan guarantees and grants. This will leverage construction of two to five partial upgrading facilities, representing up to Can.$5 billion in private investment. Partial upgrading reduces the thickness of oil sands bitumen so it can flow through pipelines more easily. The funding would go to corporations looking to build facilities for partial upgrading.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2709 Petroleum oils and oils obtained from bituminous minerals, crude.
270900 Petroleum oils and oils obtained from bituminous minerals, crude.

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