The Canadian government confirms that Encana's (ECA) $2.2B JV with China's PetroChina (PTR) is...

|About: Encana Corporation (ECA)|By:, SA News Editor

The Canadian government confirms that Encana's (ECA) $2.2B JV with China's PetroChina (PTR) is not subject to review under the Investment Canada Act. ECA agreed to sell 49.9% of its big Duvernay natural gas and liquids play in Alberta to PTR days after the Canadian government said it would increase scrutiny of investment by state-own enterprises such as PTR.