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CTV News – Feb 11, 2013

EDMONTON — Canada’s ambassador to China says money from the Asian country is likely to keep pouring into Canadian resource projects.
Chinese state-owned companies have already staked out a significant foothold in Alberta’s oilpatch — especially in the oilsands after the federal government approved a $15-billion takeover of Calgary-based Nexen by China National Offshore Oil Corp. late last year. PetroChina has also expressed interest in owning a share of the proposed Northern Gateway, which would ship oilsands bitumen to waiting tankers on Canada’s West Coast.

Read more: http://www.ctvnews.ca/business/chinese-could-shift-investments-to-forestry-mining-ambassador-1.1152452#ixzz2KeNPhvVv

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