Oil Sands Lure Chinese

The UPI today is reporting on the increased interest shown by Chinese energy companies in the Canadian oil sands. The article highlights the investments made by China Petroleum and Chemical Corp. and China Investment Corp. in two oil sands projects. Canadian oil sands deposits are estimated at more than 100 billion barrels, which puts it second only to Saudi Arabia. Read more:

Western Provinces Form Energy Alliance

Government ministers from the Canadian provinces of Saskatchewan, Alberta and British Columbia have agreed to collaborate on energy issues with an emphasis on oilsands development. The agreement was formalized through the signing of a memorandum of understanding in Calgary, Alberta on Dec. 16.  Read more...