China’s corruption probe affects Canadian oil reserves

The FCPA and UKBA may have extra-territorial reach built into their statutes, but clauses are not stopping the long arm of the Chinese legal system from disrupting industry beyond its borders. FCA - oilsands

Reporters from the WSJ have reviewed emails detailing a shake up at the top of China National Petroleum Company‘s (CNPC) Canadian operations and a billion-dollar oil sands project is on the blocks as a result. Canadian officials have commented that “there is no reason to believe that any Canadians are involved or being investigated.”

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