Chinese Back Out of Pipeline

Published: Wednesday, 07/18/2007 12:00 am EDT

Amidst complaints from a senior Chinese oil executive, the country's state oil company, PetroChina, has pulled out of a planned $4-billion pipeline project between Alberta and the West Coast, the Globe and Mail reported last week. Yiwu Song, vice-president of China National Petroleum Corp., was quoted as saying Ottawa was not pushing hard enough to move the project forward. The completion date was moved from 2009 to between 2012-2014 because of lack of private sector funding and aboriginal land claims.

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