- Joined
- Aug 31, 2007
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- 109
Alberta Premier Ed Stelmach has pledged to respond to the recommendations by mid-October.
Like other companies that have already issued dire warnings about the potential consequences, EnCana insisted Friday that it is willing to accept royalty increases, but not as large as those proposed.
"We are open to changes to Alberta`s royalties — changes that reflect the economic realities of volatile commodity prices, higher costs and the appropriate risks and rewards of long-term capital investments," Mr. Eresman said in the release. "A royalty system can be developed that achieves Alberta`s objectives without so severely damaging the province`s future."
I pulled this article off the globe invstor website...do you think that this will have an ecomomic impact in alberta if preimier ed starts taxing oil companies more???
Like other companies that have already issued dire warnings about the potential consequences, EnCana insisted Friday that it is willing to accept royalty increases, but not as large as those proposed.
"We are open to changes to Alberta`s royalties — changes that reflect the economic realities of volatile commodity prices, higher costs and the appropriate risks and rewards of long-term capital investments," Mr. Eresman said in the release. "A royalty system can be developed that achieves Alberta`s objectives without so severely damaging the province`s future."
I pulled this article off the globe invstor website...do you think that this will have an ecomomic impact in alberta if preimier ed starts taxing oil companies more???