This four page summary takes a critical look at the tax and royalty treatment of Alberta's oilsands. An outdated royalty regime and federal tax breaks are costing Albertans and Canadians money in the form of forgone tax and royalty revenues. Between 1996 and 2005, royalty revenue per barrel of oil from oilsands   declined 32% and the federal government lost up to $1.65 billion in tax revenue. Albertans as owners of the oilsands need to demand that their resource manager, the Minister of Energy get them a better deal for oilsands developments. And Canadians need to demand that the Federal Minister of Finance eliminate subsidies to a very profitable industry.

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