Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.
Canada should build oil and gas links to Asia as the government reviews Cnooc Ltd.’s bid for Nexen Inc., said Jim Prentice, vice chairman of Canadian Imperial Bank of Commerce and an ex-industry minister.
Canadian Environment Minister Jim Prentice announced the country will phase in greenhouse-gas emissions standards for coal-powered energy facilities to give the industry time to adopt cleaner technologies.
Companies from Birchcliff Energy Ltd. to Painted Pony Petroleum Ltd. will find it easier to attract foreign suitors after Canadian Prime Minister Stephen Harper lifted hurdles for U.S. and European investors.