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Old 05-08-2013, 12:31 AM   #1
SebC
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Question Bitumen Royalty in Kind (BRIK)

http://www.calgaryherald.com/busines..._lsa=180d-acc7

Quote:
EDMONTON - Once considered controversial for its potential to impact the free marketplace, Alberta’s bitumen royalty-in-kind (BRIK) program has now won the support of politicians from all provincial parties.

[...]

Under BRIK, the province can collect bitumen royalties “in kind” as raw bitumen rather than cash from sales into the market. This allows the province to direct its bitumen to specific projects and earn a higher return.
I did not even know this was proposed, but it could have rather large ramifications on Alberta's economy so I'd like to hear your thoughts on it.

Last edited by SebC; 05-08-2013 at 12:34 AM.
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