ANNOUNCED AS TEMPORARYNo
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.
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