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Imperial Oil chief hits at royalties report

The prospect of higher royalties and taxes is yet another cost being foisted on squeezed Alberta oil producers, Tim Hearn, the chief executive of Imperial Oil said today.

Big wheels: major oil sands players claimed they would be hit hard by a proposal for higher royalties and taxes in the Canadian province
Big wheels: major oil sands players claimed they would be hit hard by a proposal for higher royalties and taxes in the Canadian province
  • Jonathan Davis
Published 19 September 2007, 15:56Updated 7 October 2016, 07:10
Americas