Quote:
Originally Posted by Frequitude
Any word on what he's doing with the existing contracts with Suncor and Syncrude to be allowed to switch over to bitumen royalties on Jan. 1, 2009?
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No grandfathering will be implemented for existing oil sands projects. The government is in discussions with Syncrude and Suncor, whose Crown agreements expire in 2016, to transition to the new oil sands royalty regime.
From the media release:
http://www.alberta.ca/home/NewsFrame...DC70214D2.html