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Alberta energy royalties should rise, panel says

Tue Sep 18, 2007 5:07pm EDT

CALGARY, Alberta, Sept 18 (Reuters) - A panel charged by the Alberta government to examine the oil-rich province's royalty system said on Tuesday that residents are being denied their fair share from oil and gas development and recommended royalties be increased by C$2 billion a year.

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The report, led by chairman Bill Hunter, recommended most royalties be hiked for oil, oil sands and natural gas production.

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