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Oil Sands Deals Dive as State Firms Scrutinized

2013-09-30 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Oil-sands deals are getting done at the slowest pace in nine years as the Canadian governments heightened scrutiny of investments by foreign state-owned companies hinders transactions. Industry Canada officials are now vetting deals that dont require approval under the nations foreign-takeover law, according to two people who have advised on transactions involving state-owned companies. Even foreign investors not usually deemed state owned are being asked to prove they arent controlled or influenced...

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