Lobbying Information
Subject Matters
- Energy
- Environment
- Infrastructure
- Taxation and Finance
Subject Matter Details
Grant, Contribution or Other Financial Benefit
- ARC Resources is the operator of the Heartland Area Redwater Project - a CO2 sequestration demonstration project being run in partnership with the Alberta Research Council. Phase 1 of this project has been completed, with the Alberta Government through AERI funding $500,000, NRCan committed to funding $239,000, ARC funding $1.8 mm and other industry participants having funded $200,000. ARC has applied to both the Alberta government and the Federal government for 1/3 funding each of the expected $47.5 million required for phases 2 and 3 of this project with industry being expected to cover the final third. ARC has been notified that the project has been selected to receive funding from the ecoEnergy Technology Initiative to cover the 1/3 of the cost requested from the Federal government up to a maximum of $12,083,327. The contract has been structured so that ARC can submit a claim for payment of costs incurred on the project prior to 2010. In early 2011, ARC recommended that the project be put on hold pending provincial legislation on sequestration rights and liabilities. Parts of phase 2 have been completed. In 2010 Alberta Enviornment contributed $2mm into a restricted fund for the project that ARC controls. Re-imbursements to ARC from this fund totaled the $290,938 that has been disclosed. We have a receivableof $1,008,873 for work on HARP from NRCan that is on our books at year-end 2011, however no funds were received during 2010 for this. ARC is also running a CO2 enhanced oil recovery pilot at the Redwater field and may look for monetary assistance with that project as well.
Policies or Program
- Constructive dialogue on the policy direction of the government with the intent of convincing the government to repeal the Specified Investment Flow Through (SIFT) tax for oil and gas royalty trusts.
Regulation
- Meet with government officials and ministry employees on the "Turning the Corner Plan" with regards to CO2 emissions and brief them on the challenges faced by oil and gas companies looking to use CO2 for enhanced oil recovery and how government regulation could impact the availability of CO2 supply and the cost.
Communication Techniques
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Written communication
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Oral communication
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Grass-roots communication
Government Institutions
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Environment Canada
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Finance Canada (FIN)
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Industry Canada
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Members of the House of Commons
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Natural Resources Canada (NRCan)
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Natural Sciences and Engineering Research Council (NSERC)
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Prime Minister's Office (PMO)
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Privy Council Office (PCO)
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Revenue Canada (RC)
In-house Corporation Details
Description of activities
ARC Resources Ltd. is an operating oil and gas entity headquartered in Calgary Alberta, whose primary business is the exploration, exploitation and development of oil and gas reserves. Prior to January 1, 2011 ARC Resources Ltd. was a subsidiary of ARC Energy Trust, a publicly traded royalty trust. On January 1, 2011 ARC Energy Trust completed a re-organization and converted into a corporation, named ARC Resources Ltd which trades on the TSX under the ticker symbol ARX.
Responsible officer name and position during the period of this registration
John Dielwart,
Chief Executive Officer
Government funding
End date of the last completed financial year:
2010-12-31
List of Government Funding
Government Institution
|
Funding Received in Last Financial Year
|
Funding Expected in Current Financial Year
|
Alberta Environment
|
$2,000,000.00
|
Yes
|
Alberta Research Council
|
$2,772,000.00
|
Yes
|
Canada Revenue Agency (CRA)
|
$4,475,350.00
|
Yes
|
Natural Resources Canada (NRCan)
|
$0.00
|
Yes
|
In-house Corporation Contact Information
Address:
Suite 1200, 308 - 4th Ave S.W.
Calgary, AB T2P 0H7
Canada
Telephone number:
403-503-8600
Parent Company Information
ARC RESOURCES LTD is not a subsidiary of any other parent companies.
Subsidiary Beneficiary Information
- ARC Petroleum Ltd.
-
Suite 1200
308 - 4th Ave. SW.
Calgary, AB T2P 0H7
Canada
Lobbyists Details
Senior Officers whose lobbying activities represent less than 20% of their Duties
- David Carey,
Senior Vice President Capital Markets |
No public offices held
- JOHN DIELWART,
Chief Executive Officer |
No public offices held
- Myron Stadnyk,
President and Chief Operating Officer |
No public offices held
Senior Officers and Employees whose lobbying activities represent 20% or more of their Duties
No lobbyists added