Foreign share of production in Alberta’s oilsands falls from 33% to 16%, analysis shows
LOL! This is good news! It shows the rats are abandoning the ship. Time to get more serious about climate change and developing renewable resources.
When it comes to talking about how the northern Alberta oilsands have lost their lustre for foreign investors, Satoshi Abe sounds a lot like his Canadian counterparts.
“I think Canada itself creates significant barriers to new investment,” said the president of Japan Canada Oil Sands Ltd. or JACOS, reached at his Calgary office.