Friday, July 17, 2009

Chinese buying spree bypasses Canada

On July 17, 2009, Dr. Wenran Jiang, Mactaggart Research Chair and Associate Professor of Political Science at the University of Alberta, was interviewed by Calgary Herald on China's growing need for energy and its continued quest to shore up supply through overseas buying spree in Brazil, Central Asia, Venezuela, and Russia. What's curious, however, is that none of those deals has taken place in Canada.

In the paper, Dr. Jiang lists a number of reasons for this apparent lack of activity. One of those factors is the lack of pipeline infrastructure to the west coast that could facilitate the export of oilsands production to China and other countries in the Far East. Jiang makes reference to the memorandum of understanding signed with Enbridge back in 2005 in connection with the Gateway Pipeline, but it's been almost four years since that time and the pipeline has yet to be built.

You can read the article here.

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