An Environment Canada study found tailings are leaching into groundwater around oilsands mining operations.
Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.'s interests in the Athabasca Oil Sands Project and Duvernay shale for $6.5 billion US.Canadian Natural Resources Ltd. is buying Chevron's 20 per cent interest in the Athabasca Oil Sands Project. Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.'s interests in the Athabasca Oil Sands Project and Duvernay shale for $6.5 billion US.
"Both acquisitions provide Canadian Natural with immediate free cash flow generation and further opportunities to drive long term shareholder value." The transaction will bring Canadian Natural's total current working interest in the operations to 90 per cent.
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