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The time is now: Alberta boosts support for oil and gas upgrading

CBC News | 11/21/2018

“In a bid to combat the effects of low energy prices, Alberta is boosting its investment in two petrochemical upgrading programs to $2.1 billion, the government said Tuesday.

“For decades, we’ve been settling for less while seeing new jobs and investment go south of the border,” Premier Rachel Notley said in a news release. “The time is now to think big, take action and finally upgrade more of our energy at home.”

Under the diversification program, royalty credits go to projects that will build manufacturing facilities to process ethane, methane and propane from natural gas into more valuable products.

Notley said in the next few weeks her government will reveal more plans to further diversify the energy industry in Alberta. ”

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