Posted on 13/03/07
Growing political risks imperil oil sands profit, report says
OTTAWA -- Alberta oil sands producers face growing political risks that could significantly erode their profit margins, and slow the pace of development, says a report from UBS Securities Canada Inc.In an interview yesterday, UBS analyst Andrew Potter said the industry will have to absorb the cumulative impact of regulations aimed at reducing greenhouse gas emissions, plus possible federal and provincial changes to tax treatment of the projects.
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