So I decided to google petrochemical diversification and the first thing that came up was the NDP's recently announced Petrochemicals Diversification Program. Thanks NPD (no, really)!
http://www.alberta.ca/release.cfm?xI...31D033C5201F5A
Quote:
The Petrochemicals Diversification Program, announced on February 1st, encourages companies to invest in the development of new Alberta petrochemical facilities through a $500 million royalty credit program. Credits will be earned once approved projects are completed and feedstock consumption begins.
Alberta’s new Petrochemicals Diversification Program received 16 applications locally and from across the globe, representing more than $20 billion in potential new investment interest in Alberta’s petrochemicals industry. These applications are now under consideration with a third-party monitor, with final decisions to be made within 60 days from today. The highly competitive application process will ensure good value for Albertans, while also supporting the Alberta Jobs Plan to diversify our energy industry and create new job opportunities for Albertans.
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