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Energy giant rages against plan to hike Alberta royalties |
| Home | (CBC News) - Another oil and gas giant has joined the parade of companies warning the Alberta government not to raise royalty rates for gas and oil. ConocoPhillips President Kevin Meyers said he has written to Premier Ed Stelmach warning that boosting royalties by 20 per cent, as recommended in a recent report, would cost his company an oilsands project worth $500 million next year. |