The Berger inquiry examines the social, environmental and economic impact of the proposed Mackenzie Valley pipeline and concludes on a 10 year moratorium.
Agrrement is reached among countries to limit greenhouse gases. This is followed by the Federal Government's ratification.
271 million bbls versus 264 million bbls
Expected to increase government take by $1.4Billion by 2010
Additional incentives for deep oil and gas wells
To enable companies to choose between old and new program for wells drilled over next 5 years
Max 5% royalty on first year plus credit of $200/metre
Starting production 1st of April to 31st March
In northeast Alberta oilsands
Introduced by Liberal Government
Western Accord by Biran Mulroney's Conservative government allowed oil producers to sell at market value