government action: A Syncrude facility in the Athabasca oil sands in Canada, according to The Toronto Star. Ben Nelms / Bloomberg News Capital Group's energy investments are increasingly shifting to other jurisdictions and that is likely to continue without strong government action, Peers wrote in a letter dated Oct. 19. In a letter to the prime minister, Darren Peers, an analyst and investor at Los Angeles-based Capital Group Cos., warns investors and companies will continue to avoid the Canadian energy sector unless more is done to improve market access. I hope that your government will be even more proactive in securing market access which will assure the competitiveness of Canadian energy companies. The firm holds more than 30 billion of investments in Canadian companies, and is the largest shareholder of Suncor Energy Inc., Enbridge Inc., Canadian Natural Resources Ltd., and Keyera Corp. Capital Group, which runs about 1.7 trillion in global assets, has a lot at stake in Canada's oilpatch.
(news.financializer.com). As
reported in the news.
Tagged under government action, athabasca topics.