Innovative Energy Technologies Program (IETP)
Objectives and Description:Announced in 2004, this Program supports innovation, research and technology development. The program is a $200 million commitment by the Alberta government to provide royalty adjustments to pilot and demonstration projects that use innovative technologies to increase recoveries from existing reserves and encourage responsible development of oil, natural gas and in situ oil sands reserves.
Type of Program:
- Financial Incentive
- Research and Development
Date of Update: 02-11-2017
For more information contact:Government of Alberta, Ministry of Energy
Web address: http://www.energy.gov.ab.ca/Oil/768.asp