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PetroChina announced July 12 that it is quitting a pipeline project that would transport oil derived from Alberta's oil sands to British Columbia. China never intended to build the pipeline, since...

PetroChina announced July 12 that it is removing itself from the Gateway pipeline project in Canada, which would have transported oil derived from oil sands in Strathcona County, Alberta, to the port at Kitimat, British Columbia.

Yiwu Song, vice president of China National Petroleum Corp., PetroChina's parent company, said PetroChina is pulling out of the project due to insufficient Canadian government and producer support. But China never intended to build Gateway in the first place; rather, it sought the know-how Canadian oil sands producers have obtained over the years.

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