Canadian oil sands profits jump amid green battle

Posted by Washington Post: Juliet Eilperin on July 29th, 2010
Reuters: Four of Canada's biggest oil sands companies posted higher profits on Thursday, on stronger oil prices, as controversy builds over the environmental costs of tapping North America's biggest crude reserves. Suncor Energy Inc (SU.TO), the country's biggest oil producer and refiner, No. 2 competitor Imperial Oil Ltd (IMO.TO) and Cenovus Energy Inc (CVE.TO), the third largest independent oil producer, raised their output in the second quarter and moved forward on major expansion ......

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