[Ost-news] Royalties No Problem for Petro Can

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

Petrocan chief backs oil sands despite royalties  
Overall viability won't be affected, says CEO Brenneman, but company's conventional oil and gas spending likely to be cut

DAVID EBNER AND NORVAL SCOTT  
With files from Canadian Press

November 29, 2007

CALGARY, EDMONTON -- Higher petroleum royalties in Alberta will not hurt the "overall viability" of Petro-Canada oil sands projects, but some planned investment in conventional oil and gas in the province will be affected, chief executive officer Ron Brenneman said yesterday.

[read more][1]

    [1]: http://oilsandstruth.org/royalties-no-problem-petro-can

URL: http://oilsandstruth.org/royalties-no-problem-petro-can