IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

sector-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 20 Mar 2020 | Removal date: 20 Sep 2020

Tax or social insurance relief

On March 20, 2020 the government of Alberta announced that the “challenges resulting from the COVID-19 outbreak and declining oil prices due to an international price war” led it to implement a series of energy sector initiatives aimed at assisting the province’s energy companies. Chief among these was government’s decision to fund the industry levy for the Alberta Energy Regulator for a period of six months, amounting to Can.$113 million (US$80.8 million) in tax relief for the industry. It also announced other measures that do not constitute trade-distorting measures by GTA standards; these include extending the term of mineral agreements expiring in 2020 by one year (without estimating the cost or value of this action); providing a Can.$100 million (US$71.5 million) loan to the Orphan Well Association (a non-profit operation that decommissions abandoned wells); and “continu[ing] to cut unnecessary red tape to reduce the burden of doing business.”

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.
333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other
399 Other wastes & scraps
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271099 Other

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