⁍ Struggling oil and gas companies in Alberta will get a three-year break on municipal property taxes for land where they are drilling wells or building pipelines.

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⁍ The Alberta government said it would also lower property tax assessments on less-productive wells.

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⁍ Energy companies have posted losses and laid off workers this year because of coronavirus pandemic travel restrictions.

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– The Canadian province of Alberta has come up with a novel way to help struggling oil and gas companies, Reuters reports. The government says it will give them a three-year break on municipal property taxes for land where they’re drilling wells or building pipelines. It will also lower property tax assessments on wells that are less productive and eliminate a provincial tax on drilling, the government says. The move is designed to help the companies compete and keep municipalities viable, says the president of rural municipalities of Alberta.