Alberta Spares Oil-Sands Producers in Royalty Revamp on Glut

Updated on
  • Province sees “existential threat” from U.S. shale boom
  • Flat rate set for other forms of crude and natural gas

Alberta’s oil-sands producers dodged a bullet after the Canadian province recognized the industry faces an “existential threat” from the U.S. shale boom and left rates unchanged for heavy oil in a long-awaited royalties review.

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