U.S. Treasury Secretary Says He’s ‘Not Concerned’ Over China’s Interest

The United States isn’t worried about China’s interest in the Alberta oil sands, a top U.S. official said yesterday after he visited the world’s second-largest oil deposit.

“I’m not concerned,” John Snow, U.S. treasury secretary, said at an afternoon news conference in Calgary in response to a question about the issue. Yesterday morning he was in Fort McMurray and toured the oil sands, meeting with companies working in the region.

Mr. Snow said that both Canada and the U.S. have policies in place to vet foreign investments and added that those policies are both effective to prevent problems from emerging.
The Globe and Mail