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Monday, November 17, 2008

Summary Box: Further stress in Canada oil sands

TORONTO - WHAT HAPPENED: Petro-Canada and its partners Teck Cominco Ltd. and UTS Energy Corp. became the latest companies to postpone expansion of an oil sands project by delaying a decision on further investment in a $19.5 billion oil sands project in northern Alberta. They also shelved plans to building an upgrade refinery.

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