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China's big move into Alberta


Business | 206806 hits | Apr 13 9:52 pm | Posted by: Hyack
4 Comment

State-controlled Sinopec is spending $4.65-billion (U.S.) to become the first Chinese multinational to buy a direct stake in a major producing oil sands project, paying a rich premium for ConocoPhillips Co.'s 9-per-cent stake in Syncrude Canada Ltd. The d

Comments

  1. by avatar saturn_656
    Mon Apr 19, 2010 3:19 am
    Selling off Canada to the Communist Party of China.

    Lovely.

  2. by avatar wildrosegirl
    Mon Apr 19, 2010 4:45 am
    Well, the US can't have it all.

  3. by avatar Beej
    Mon Apr 19, 2010 4:46 am
    The Americans seem to think that they're too good for our dirty oil. Why not sell to the Chinese?

  4. by avatar wildrosegirl
    Mon Apr 19, 2010 4:47 am
    "Beej" said
    The Americans seem to think that they're too good for our dirty oil. Why not sell to the Chinese?

    Even though they own the majority of it. :lol: Gotta love hypocrites.



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