[Ost-news] "Syncrude Won't Accept Loss In Oil Sands Royalty Deal - Report"

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

Syncrude Won't Accept Loss In Oil Sands Royalty Deal - Report  
Dow Jones  
March 12, 2008: 10:27 AM EST

OTTAWA -(Dow Jones)- Syncrude Canada Ltd. will only accept a new oil sands royalty deal with the Alberta government that "doesn't short-shrift shareholders," shareholder Imperial Oil Ltd. (IMO) said, the National Post reported Wednesday.

However, partners in the Syncrude consortium are prepared to negotiate a new agreement under Alberta's new oil and gas royalty scheme, Imperial's outgoing chief executive, Tim Hearn, told the newspaper.

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    [1]: http://oilsandstruth.org/quotsyncrude-won039t-accept-loss-oil-sands-royalty-deal-reportquot

URL: http://oilsandstruth.org/quotsyncrude-won039t-accept-loss-oil-sands-royalty-deal-reportquot