Bill 22, introduced in the Alberta legislature on Thursday, aims to cut what the government deems as "red tape" in six different ministries. Bill 22 removes the requirement for cabinet to approve royalty rates, leaving the responsibility solely with the minister of energy. It isn't clear how future changes to royalty rates will be disclosed if Bill 22 is passed in its present form. Bill 22 aims to amend section 9 of the current version of the Mines and Minerals Act. "This legislation is not intended to make changes to our royalty structures for oil and gas," Bal said of Bill 22.

Source: CBC News June 16, 2020 12:00 UTC