N. Murray Edwards, who has acted as a sector standard-bearer in Canada for more than a decade, has decamped to London and lowered his profile
Alberta, which lured tens of billions of dollars in investments from the world’s biggest oil producers during a decade of heady growth from about 2003 to 2013, is now viewed as one of the places least likely to recover from the price rout because of high investment costs, long development time and looming limits on carbon emissions.
.. Royal Dutch Shell PLC took a $2 billion write-down last year after abandoning a major oil-sands project, and Exxon Mobil Corp. said earlier this year it may be forced to remove billions of barrels of oil-sands reserves from its books.