ANNOUNCEMENT 05 Dec 2016In December 2016, the government of Canada/Province of Alberta announced a targeted tax change.
NUMBER OF INTERVENTIONS
On December 5, 2016 the government of Alberta announced that Inter Pipeline had been approved to receive royalty credits under the province's Petrochemicals Diversification Program. Under this project, the firm may receive up to $200 million in royalty credits to build a $1.85-billion facility in Strathcona County. The Inter Pipeline facility will process about 22,000 barrels per day of propane into propylene. Construction is expected to start in 2017, with the facility operating in 2021.