AIMCo CEO urges oil sands to adapt to $70 crude: Reuters
The outgoing chief executive of Alberta Investment Management Corp (AIMCo), has said oil sands producers need to cut production costs through new technology as US$70 crude is here to stay, Reuters reported. The AIMCo head urged the energy industry to use the slide in prices as an opportunity to invest in unproven technology that will boost productivity.
3 December 2014•2 mins read
