Uncertainty continues into the new decade. Energy companies must
control costs and continue to weigh the risks versus benefits of
new projects, new products, how much capital to invest and how to
generate funds.
Foreign investment, particularly in the oil sands, has been
fundamental in generating capital to develop one of the largest oil
resources in the world. The fact that Canada has attracted
investments, especially recently, is a reflection that the oil
sands have achieved a level of acceptance. Companies and
governments are allocating significant components of their spend to
development and funding is coming in everywhere. By accessing
global resource pools, companies have the ability to develop the
resource in a way that wasn't possible 5-10 years ago.
