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We've lagged behind the US and now we need to catch up, says Capp

The Canadian Association of Petroleum Producers says changes to Alberta's oil and gas royalty system are needed to encourage investment

ALBERTA's energy sector has been on the back foot for too long and must regain the agenda if it is to cope with a shift in North American market fundamentals, says David Collyer, president of the Canadian Association of Petroleum Producers (Capp). Changes to the royalty system to restore the province's reputation as a safe place to invest are necessary, says Collyer. But the industry must do more to assure consumers that energy supplies will remain robust and that environmental concerns associated with production in the province can be addressed. The advent of new US gas production in areas historically supplied by western Canada has brought an "inflexion point" for producers in Alberta. C

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