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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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Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. The SAGD (steam assisted gravity drainage) pilot project at Saleski began operations in December 2010. McCarthy Tetrault LLP acted as Canadian legal counsel while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as United States legal counsel to Osum. Scotia Waterous Inc.

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Federal Judge rules California Low Carbon Fuel Standard violates Commerce Clause of US Constitution

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In 2010, the National Petrochemical & Refiners Association (NPRA) also filed a legal challenge to California’s Low Carbon Fuel Standard (LCFS) with the US District Court, Eastern District of California, Fresno Division, echoing the complaints of the ethanol groups.

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

Green Car Congress

After Copenhagen, countries would then concentrate on “ two processes ”, now colloquially referred to as “two steps” in 2010. In particular, Prentice seeks to shield Alberta’s emissions-intensive oil sands operations from the effects of emission reductions. Canada’s 2009 GHG emissions are 48.7%

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