Findings
The Chairman of the review, Bill Hunter, said "Albertans do not receive their fair share from energy development and they have not, in fact, been receiving their fair share for some time."
The panel's report not only recommended increated royal rates for all three major resources (conventional oil, natural gas, and oilsands) but also insisted that the government had failed to collect royalties already owed.
The recommended rate increase amounted to a 20% increase or an extra $2 billion per year.
Read more about this topic: Alberta Royalty Review
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“Our science has become terrible, our research dangerous, our findings deadly. We physicists have to make peace with reality. Reality is not as strong as we are. We will ruin reality.”
—Friedrich Dürrenmatt (1921–1990)