Major investors press Alberta on royalties

Groups controlling upward of $1-trillion seek 'middle ground' with province in revision of energy tax formulas

DAVID EBNER 00:00 EDT Saturday, October 06, 2007

CALGARY -- Investors controlling upward of $1-trillion pressed the Alberta government yesterday to water down proposed increases of energy royalties and taxes in the province.

A group of major investors, including Ontario Teachers Pension Plan, met with Ron Stevens, Alberta deputy premier and justice minister, and Mel Knight, energy minister, yesterday afternoon in Calgary, a gathering organized by Michael Tims, chairman of Calgary brokerage Peters & Co. Ltd.

Whole story at:

http://www.globeinvestor.com/servlet/story/GAM.20071006.ROILPATCH06/GIStory/