India might invest $1 billion in oil sands

From The Daily Pfennig:
"India may invest as much as $1 Billion to develop oil-sands projects in Canada within the next 12 months, the Wall Street Journal said, citing an Indian government official it didn't identify. India and Japan sent delegations to Alberta to study the area and visit scientists researching extraction of heavy oil, known as bitumen."

India must see the excellent business case that the oil sands provide.