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Alberta commits extra $1 billion on incentives for petrochemicals

from The Canadian Press via EnergyNow

Alberta is committing up to $1 billion to grow its petrochemical industry. Energy Minister Marg McCuaig-Boyd says the money will be used for loan guarantees, grants and royalty credits to spur more private investments in the sector. There will be $500 million in royalty credits for a second round of the Petrochemicals Diversification Program, spread over four years starting in 2020. more

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