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Houston Chronicle: As U.S. companies look toward oil riches in northern Canada, they're encountering increasing competition - as well as some much-needed cash infusions - from the Far East.
U.S. and Canadian companies have dominated Alberta's oil sands for decades. Now, though, Chinese firms are rushing to snap up Canadian oil sands resources and invest in ongoing projects - to the tune of $15 billion in the past 18 months in Alberta alone.
They are motivated by a desire to jump into one of the world's lowest-risk......
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China invests billions in oil sands
Posted by Houston Chronicle: Jennifer A. Dlouhy on September 18th, 2011
Posted in Water Conservation