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Dave Mowat is hoping for the royalty review to end all royalty reviews.

The president of ATB Financial, tapped by the NDP government to head its contentious review into the province’s regime for oil and gas royalties, said Wednesday he wants the analysis now underway to bring forward guiding principles around how energy resources are developed in Alberta.

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Those are currently missing, which leads to a lack of confidence among Albertans that the system is working in their best interests, he told the Herald’s editorial board.

“Once we have those principles, principles tend to last a long time,” said Mowat.

“What that will make us as Albertans … you just feel more in control, it feels like we have positions on these things. And then, we might never have another royalty review again.”

Mowat said potential guiding principles include having a system that works well at all commodity price levels, one that is comparable and competitive with other jurisdictions, and one where development occurs responsibly without a “gold rush.”