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Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

Green Car Congress

an indirect wholly-owned subsidiary of CNOOC, will acquire oil sands producer OPTI Canada Inc for approximately US$2.1 The principal asset of OPTI consists of a 35% working interest in the Long Lake and three other oil sands project areas located in the Athabasca region of northeastern Alberta. CNOOC Luxembourg S.a

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

In particular, Prentice seeks to shield Alberta’s emissions-intensive oil sands operations from the effects of emission reductions. The Indian government has consistently asserted that it will not agree to legally binding emissions reductions under any circumstances. “ We are not aiming to let anyone off the hook.

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