According to the Financial Post, the Canada Pension Plan Investment Board announced it was making a $250-million private placement in Laricina Energy Ltd, a Calgary-based
company that has a portfolio of oil sands assets that range from
properties in the McMurray formation as well as sites near Grand Rapids
and Grosmont. With this investment CPPIB now owns a 17.1% equity
interest in the company.
The oil sands are definitely a divisive issue both here in Canada and abroad. I wonder how ordinary Canadians would feel about these funds possibly being placed in a company that they might not agree with…
Image from GoodNCrazy
