The ndp announced a petrochemical incentive to provide up to $500M in future royalty relief for selected projects
http://www.energy.alberta.ca/EnergyProcessing/4130.asp
Not sure what to make of this. It's an interesting idea to trade future royalties for today's investments, though timing is odd. Applications have to be made in the next 2-3 months. So who's ready for that? And if they're that far along in planning what are we really incenting that a low dollar and commodity prices aren't already enough for?
My guess is there are a few projects already earmarked for this. Maybe the incentive is a trade off for the higher taxes and other costs the govt brought in?