Alberta And China Enter Into A Cooperation Agreement

In the fourth quarter of 2013, the province of Alberta and China entered into a non-binding cooperation agreement to increase energy trade between the respective jurisdictions. The agreement explicitly acknowledges Alberta's major role in global resource development and China's growing need for a reliable, competitive and sustainable supply of energy.

The agreement sets forth five guiding principles intended to facilitate its successful implementation. These include:

1. the adoption of a comprehensive approach to energy policy development, associated investment and trade, environmental and regulatory policy, as well as research, technology and information sharing;
    
2. a commitment to continuous improvement in responsible energy development, including an emphasis on environmental stewardship and sustainability;