The Rising Influence of Rising Affluence

[DewDiligence]

Shell takes 40% stake in Canadian LNG project:

http://online.wsj.com/article/SB10001424052702303448404577407661418316198.html

LNG Canada would operate a two-train export terminal in Kitimat [BC], transporting 12 million tons a year initially. A final investment decision is slated for 2015, with exports to begin by 2019 and potentially rise to 24 million tons. Shell has a 40% stake. The three Asian companies [Misubishi, Korea Gas, and PetroChina] have 20% each.

As has been noted on this board, if the US doesn’t want the oil from Canada’s oilsands, someone else will.