Abstract
Governments in Canada have made a number of changes in oil and gas policies and fiscal treatments recently. There remains a considerable question, however, whether Canada will have sufficient volumes of these two energy fuels available securely and economically in the years ahead. This report examines the position that oil and gas will occupy in Canada's energy future, and assesses the contribution that domestic supplies could provide. It was concluded that, under current and proposed royalty, taxation, and regulatory systems, the flow of investments into exploration and development will be insufficient to increase the domestic supply base to provide an acceptable level of future self-reliance. Additionally, because of jurisdictional factors, reinvestments from current production are not being directed to the areas of greatest resource potential in Canada. In order to illustrate the types and degrees of further policy and fiscal changes that are required, an investment program that could lead to a minimum acceptable level of production from Canadian sources was formulated. Recommendations for changes in fiscal regimes lead to a ''formula'' that directs 35 percent of net production revenue from current production to the exploration and development of new supplies; mobilizes new investment; and directs a greater portion of
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Citation Formats
None.
Oil and natural gas energy plan for Canada, 1977--1985: Appendix D to Canada's resources and the national interest.
Canada: N. p.,
1976.
Web.
None.
Oil and natural gas energy plan for Canada, 1977--1985: Appendix D to Canada's resources and the national interest.
Canada.
None.
1976.
"Oil and natural gas energy plan for Canada, 1977--1985: Appendix D to Canada's resources and the national interest."
Canada.
@misc{etde_8178789,
title = {Oil and natural gas energy plan for Canada, 1977--1985: Appendix D to Canada's resources and the national interest}
author = {None}
abstractNote = {Governments in Canada have made a number of changes in oil and gas policies and fiscal treatments recently. There remains a considerable question, however, whether Canada will have sufficient volumes of these two energy fuels available securely and economically in the years ahead. This report examines the position that oil and gas will occupy in Canada's energy future, and assesses the contribution that domestic supplies could provide. It was concluded that, under current and proposed royalty, taxation, and regulatory systems, the flow of investments into exploration and development will be insufficient to increase the domestic supply base to provide an acceptable level of future self-reliance. Additionally, because of jurisdictional factors, reinvestments from current production are not being directed to the areas of greatest resource potential in Canada. In order to illustrate the types and degrees of further policy and fiscal changes that are required, an investment program that could lead to a minimum acceptable level of production from Canadian sources was formulated. Recommendations for changes in fiscal regimes lead to a ''formula'' that directs 35 percent of net production revenue from current production to the exploration and development of new supplies; mobilizes new investment; and directs a greater portion of both these sources of funds to the development of potential supplies from remote and technologically difficult, high-risk areas. The implementation of this formula will require concessions by both the producing provinces and the Federal government together with commitments from producers.}
place = {Canada}
year = {1976}
month = {Dec}
}
title = {Oil and natural gas energy plan for Canada, 1977--1985: Appendix D to Canada's resources and the national interest}
author = {None}
abstractNote = {Governments in Canada have made a number of changes in oil and gas policies and fiscal treatments recently. There remains a considerable question, however, whether Canada will have sufficient volumes of these two energy fuels available securely and economically in the years ahead. This report examines the position that oil and gas will occupy in Canada's energy future, and assesses the contribution that domestic supplies could provide. It was concluded that, under current and proposed royalty, taxation, and regulatory systems, the flow of investments into exploration and development will be insufficient to increase the domestic supply base to provide an acceptable level of future self-reliance. Additionally, because of jurisdictional factors, reinvestments from current production are not being directed to the areas of greatest resource potential in Canada. In order to illustrate the types and degrees of further policy and fiscal changes that are required, an investment program that could lead to a minimum acceptable level of production from Canadian sources was formulated. Recommendations for changes in fiscal regimes lead to a ''formula'' that directs 35 percent of net production revenue from current production to the exploration and development of new supplies; mobilizes new investment; and directs a greater portion of both these sources of funds to the development of potential supplies from remote and technologically difficult, high-risk areas. The implementation of this formula will require concessions by both the producing provinces and the Federal government together with commitments from producers.}
place = {Canada}
year = {1976}
month = {Dec}
}