<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d0f167f1-cc79-4fda-b8bc-7786b906b88b/93DA4B60-3BE8-42EA-9E9E-55A6325F8F98/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.theoildrum.com/node/3839" href="http://www.theoildrum.com/node/3839" style="font-size: 11px;">www.theoildrum.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theoildrum.com/node/3839">The Alberta oil sands tax regime is such that it makes it very appealing for investors to put their money into oil sands business. The attractiveness in the fiscal regime is that until all original capital (plus a return) is recovered, only a production royalty of 1% of revenue is required. After the original capital is earned back by oil sand recovery, a royalty of 25% of net operating income is required. The tax regime is such that essentially no income tax has to be paid until all capital costs are recovered (TD Securities 2004).</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theoildrum.com/node/3839">Canada has an open market based economy with favorable conditions for oil sands investments, so that production volume can increase rapidly.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theoildrum.com/node/3839">In 2002 Canada agreed to reduce their greenhouse gas emissions (GHG) emissions by 6% compared to their 1990 emissions in the Annex I period of the Kyoto protocol (2008 – 2012). By 2004, however, the GHG emissions had already risen by 28% above 1990 levels</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/93DA4B60-3BE8-42EA-9E9E-55A6325F8F98/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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