[Ost-news] Total (France) to invest $1 billion a year in tar sands in Canada

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

AFX News Limited  
Total to invest 1 bln usd a year in oil sands in Canada  
10.11.07, 12:06 PM ET

PARIS (Thomson Financial) - French group Total is to invest 1 bln usd annually over the next few years in extracting oil from sand deposits in Canada, chairman Thierry Desmarest told an energy conference.

Desmarest said that by 2010 around 10 pct of worldwide oil production will come from oil sands and that this source of production is set to grow.

He underlined these oil sands are located in Canada, a country that does not pose any 'political problems'.

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    [1]: http://oilsandstruth.org/total-france-invest-1-billion-year-tar-sands-canada

URL: http://oilsandstruth.org/total-france-invest-1-billion-year-tar-sands-canada