Overview
- The government announced the Oil Sands Growth Program on Friday, Nov. 13, 2026, offering a guaranteed 10-year royalty schedule that starts at 2% for the first five years and rises by one percentage point annually to 6% in years nine and ten.
- The OGP applies only to new greenfield projects or brownfield expansions on a project-by-project basis and explicitly excludes existing, already approved projects.
- Approved projects will still need regulatory permits and project-specific Indigenous consultation, and the program allows suspension or termination if production, environmental or regulatory requirements are not met.
- The province targets a spring 2027 program launch, will grandfather projects announced after Nov. 15, 2026, and has committed to a formal program review by Dec. 31, 2029.
- Alberta projects large fiscal and local impacts—roughly $205 billion in additional revenue by 2040, over $1.3 trillion by 2060, tens of thousands of jobs, and billions in municipal property taxes—and industry leaders say the incentive will help attract capital and fill planned pipeline capacity.