Unclaimed Assets: Money the Government Owes You! (Oil, Gas & Mineral Royalties Book 3)

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Over mines have operated in Alberta since then. The coal industry was vital to the early development of several communities, especially those in the foothills and along deep river valleys where coal was close to the surface. Alberta is still a major coal producer, every two weeks Alberta produces enough coal to fill the Sky Dome in Toronto.

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Much of that coal is burned in Alberta for electricity generation. Alberta uses over 25 million tonnes of coal annually to generate electricity. Alberta has vast coal resources and 70 per cent of Canada's coal reserves are located in Alberta. This amounts to Vast beds of coal are found extending for hundreds of miles, a short distance below the surface of the plains. The coal belongs to the Cretaceous beds, and while not so heavy as that of the Coal Measures in England is of excellent quality [ citation needed ]. In the valley of the Bow River , alongside the Canadian Pacific Railway , valuable beds of anthracite coal are still worked.

The usual coal deposits of the area of bituminous or semi-bituminous coal. These are largely worked at Lethbridge in southern Alberta and Edmonton in the centre of the province. Many other parts of the province have pits for private use. Alberta has megawatts of wind power capacity.

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Alberta has added 9, MW of new supply since Building stones mined in Alberta include Rundle stone , and Paskapoo sandstone. Diamonds were first found in Alberta in , and many stones have been found since, although to date no large-scale mines have been developed. The Edmonton area, and in particular Nisku is a major centre for manufacturing oil and gas related equipment. As well Edmonton's Refinery Row is home to a petrochemical industry. According to a Statistics Canada report Alberta's manufacturing sales year-over-year sales fell Alberta's economy continued to shrink because of the collapse of the oil and gas sector.

The petroleum and coal product manufacturing industry is now third— behind food and chemicals. Several companies and services in the biotech sector are clustered around the University of Alberta, for example ColdFX. Owing to the strength of agriculture, food processing was once a major part of the economies of Edmonton and Calgary, but this sector has increasingly moved to smaller centres such as Brooks , the home of XL Foods , responsible for one third of Canada's beef processing in Edmonton is a major distribution centre for northern communities, hence the nickname "Gateway to the North".

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Edmonton is one CN Rail 's most important hubs. Since , Canadian Pacific Railway has its headquarters in downtown Calgary. WestJet , Canada's second largest air carrier, is headquartered in Calgary, by Calgary International Airport , which serves as the airline's primary hub.

In the past, cattle , horses , and sheep were reared in the southern prairie region on ranches or smaller holdings.


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In this region irrigation is widely used. In , Alberta producers seeded an estimated total of 17,,, acres 7. Of the total seeded area, 94 per cent was harvested as grains and oilseeds and six per cent as greenfeed and silage. Agriculture has a significant position in the province's economy. Over three million cattle are residents of the province at one time or another, [79] and Albertan beef has a healthy worldwide market. Nearly one half of all Canadian beef is produced in Alberta. Alberta is one of the prime producers of plains buffalo bison for the consumer market. Sheep for wool and lamb are also raised.

Wheat and canola are primary farm crops, with Alberta leading the provinces in spring wheat production, with other grains also prominent. Much of the farming is dryland farming, often with fallow seasons interspersed with cultivation.

Continuous cropping in which there is no fallow season is gradually becoming a more common mode of production because of increased profits and a reduction of soil erosion. Across the province, the once common grain elevator is slowly being lost as rail lines are decreased and farmers now truck the grain to central points.

[USC04] 30 USC Ch. OIL AND GAS ROYALTY MANAGEMENT

Alberta is the leading beekeeping province of Canada, with some beekeepers wintering hives indoors in specially designed barns in southern Alberta, then migrating north during the summer into the Peace River valley where the season is short but the working days are long for honeybees to produce honey from clover and fireweed.

Hybrid canola also requires bee pollination , and some beekeepers service this need. The vast northern forest reserves of softwood allow Alberta to produce large quantities of lumber , oriented strand board OSB and plywood , and several plants in northern Alberta supply North America and the Pacific Rim nations with bleached wood pulp and newsprint. Despite the high profile of the extractive industries, Alberta has a mature economy and most people work in services.

In there were 1, Since then, the number has steadily increased to The TSX Venture Exchange is headquartered in Calgary, and Calgary also has a robust service industry relating to the securities market. The city has the second highest number of corporate head offices in Canada after Toronto, and the financial services industry in Calgary has developed to support them.

Despite Alberta's reputation as a "small government" province, many health care and education professionals are lured to Alberta from other provinces by the higher wages the Alberta government is able to offer because of oil revenues.

FEDERAL OIL AND GAS ROYALTY SIMPLIFICATION AND FAIRNESS ACT OF 1996 (PL 104-185)

In their May report co-authored by C. In Canada, corporate taxes generally have two tax brackets: higher tax rate and lower tax rate. The higher tax rate applies to larger businesses and the lower tax rate applies to smaller businesses. Alberta aims to return its higher tax rate to the "lowest taxes overall of any province or territory" in Canada after the passing of Bill 3, Job Creation Tax cut passed by the UCP majority Government on June 28, Joe Ceci had erroneously made the claim in a Huffington post article in that Alberta had the lowest overall tax rate.

The report recommends increased use of private or not-for-profit clinics to deliver some health services, as well as placing limits of the amount doctors can charge for certain services. A September 4 article compared the report to the rhetoric and political arguments used by Ralph Klein , [88] who was premier of Alberta from to , and who eliminated the deficit by with"massive cuts to government spending and services" [88] at the "expense of hospitals, roads, light rail transit lines, and investing in better health-care services or education.

From Wikipedia, the free encyclopedia. See also: Geography of Alberta and List of regions of Alberta. See also: Battle of Alberta.


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See also: History of Alberta and History of the petroleum industry in Canada. See also: Petroleum production in Canada and Natural gas in Canada. See also: Coal in Canada. See also: Electricity policy in Alberta. See also: Agriculture in Canada. Statistics Canada. November 12, Retrieved March 17, July Retrieved September 7, Alberta Government : Retrieved 17 March Retrieved September 7, CBC News. Archived from the original PDF on Government of Alberta.

October 25, Retrieved March 16, March 11, The Owl. ATB Financial. May 30, Retrieved September 6, Retrieved September 5, Edmonton Journal. Nicolas J. Retrieved 29 December Retrieved 17 February Calgary Herald. Alberta Oil Magazine. Retrieved September 9, November 8, Retrieved March 18, EIA Report. December Huffington Post. TD Economics. September 6, The Globe and Mail.