By Sheila McNulty in Houston and Bernard Simon in Toronto
Published: October 7 2007 19:57 | Last updated: October 7 2007 19:57
Oil companies and investors are lobbying the Alberta government against significant proposed rises in royalties on its energy sector, including Canada’s large oilsands deposits – the largest proven oil reserve outside Saudi Arabia.
A government-appointed panel recommended a string of increases last month to put Alberta’s energy tax and royalty structure more in line with other parts of the world, which have been cashing in on rising oil prices.