PetroChina and Encana set right precedent

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EDITORIAL: PetroChina’s C$2.2bn (US$2.2bn) acquisition of a 49.9% stake in the Duvernay shale-gas prospect in Alberta should establish a template for foreign investment in Canada’s energy sector that will provide the finance the country needs to exploit its enormous resources – and at the same time satisfy political concerns about ceding too much control to state-owned Asian companies.