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Reaction poured in Friday after Alberta Premier Rachel Notley announced the rates for oilsands projects will remain the same in an announcement that came after a five-month royalty review.

Rules around how costs are accounted for will be changed: companies will pay a flat five per cent royalty on wells until the industry average on upfront costs are recovered, then the rate will increase based on price. Royalty rates will also be changed to better take into account the costs of drilling.

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