COVID-19 Updates: Protecting Albertans from the Omicron variant.
- Public health restrictions to reduce transmission remain in effect.
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COVID-19 Updates: Protecting Albertans from the Omicron variant.
Government’s approval of the MEG Energy Surmont development plan shows its commitment to supporting investment by moving projects forward in Albertans’ best interests.
This is an important step in the approval process, as it allows MEG Energy to proceed to the next stages of development, including making a final investment decision and applying for other environmental licences and local area development permits.
“Through this approval, we are showing our support for industry-led investment in Alberta – particularly when the proponent has undertaken extensive planning and clearly demonstrated its economic viability.”
Before being submitted for government approval, these development plans – also known as schemes – require stringent approval by the Alberta Energy Regulator, which conducts a detailed review of the application.
This approval is another example of how the government is ensuring Alberta remains a great place to invest and do business. Other efforts include cancelling the provincial carbon tax, reducing the corporate tax rate and passing the Royalty Guarantee Act.