PetroChina wants to set up shop in Alberta...

[dcbogey]

and the US, apparently, is none too happy about it.

http://www.theglobeandmail.com/glob...nto-oil-sands-irks-washington/article1272498/

China's move into oil sands irks Washington

Alarm bells are sounding in the U.S. capitol over PetroChina's $1.9-billion investment in Alberta projects

Shawn McCarthy
Ottawa — Globe and Mail Update
Last updated on Tuesday, Sep. 01, 2009 07:49PM EDT
PetroChina Co. Ltd.'s (PTR-N109.15-0.60-0.55%) $1.9-billion investment in the oil sands is raising alarms in Washington, with thehead of a congressionally-appointed China watchdog saying the company is clearly a vehicle of Beijing's Communist government.

Carolyn Bartholomew, chairwoman of the U.S.-China Economic and Security Review Commission, said Tuesday that Ottawa should subject the proposed investment to a thorough review that would include sensitive national security issues.

And she rejected the contention by PetroChina and its supporters that the state-owned enterprise acts like any other commercial oil company in its international operations, professing concern about a growing Chinese presence in America's “backyard.”

 

[Scarey]

I work in the industry.This is just a formal announcement.These folks have been here for quite some while now......but yes,the U.S should be a bit apprehensive.

However, The Chinese are buying a tonne of real estate on U.S soil that should worry them more.

 

[dcbogey]

I doubt the US would let them plunk down $1.9 billion on their US soil.

But I do find it kind of interesting that on the one hand many in the US see the oil sands projects as dirty and huge greenhouse gas emitters (they are), but on the other hand if the Chinese want a piece of this "US strategic" reserve, they have a problem. Interesting choice coming up for Harper or whomever is in power.