Canada says India slow to invest in Alberta oil sands

Posted by Washington Post: Juliet Eilperin on October 7th, 2012
Reuters: Indian companies are lagging behind when it comes to investing in Canada's giant oil sands but could well start making deals within the next five years, Canadian Energy Minister Joe Oliver says. Oliver, speaking to Reuters before a visit to Delhi and Mumbai, said Canadian energy industry needs C$650 billion ($663 billion) in investment over the next decade. Ottawa concedes much of it will have to come from abroad. To some political consternation in Canada, China is rapidly buying up assets in the......

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