Canada May Block China Investment In Oil Sands
China’s PetroChina, its largest oil company, says it will buy a 20 percent stake in a shale gas project in Canada from Royal Dutch Shell Plc for an estimated $1 billion. The Canadian government has indicated it wants this deal…
China’s PetroChina, its largest oil company, says it will buy a 20 percent stake in a shale gas project in Canada from Royal Dutch Shell Plc for an estimated $1 billion. The Canadian government has indicated it wants this deal and others like it. With the Keystone XL pipeline to Texas has been held up the US government, Canada looks to China as a logic export partner
But, China’s oppressive regime and environmental concerns may kill the PetroChina move
Regulatory hearings into the pipeline opened last month and could drag on for years, after which the project looks set meander through Canada’s slow-paced court system.
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