Thursday, November 24, 2011

Oil Sands Investment Front and Center (Globe and Mail)

Warburg Pincus, which has more than $30-billion (U.S.) in private-equity assets under management globally, has invested roughly $1-billion in the oil sands. - Warburg Pincus, which has more than $30-billion (U.S.) in private-equity assets under management globally, has invested roughly $1-billion in the oil sands. | Jeff McIntosh/Associated Press
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Warburg Pincus sees oil sands opportunity

TARA PERKINS  AND CARRIE TAIT

TORONTO AND CALGARY— From Thursday's Globe and Mail
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Last updated 
Warburg Pincus LLC, one of the world’s oldest and largest private equity firms, wants to do more deals in Canada’s oil sands.  In a rare interview, Charles (Chip) Kaye, co-president of the New York-based firm, said he thinks the U.S. government’s decision to postpone approval of TransCanada Corp.’s (TRP-T41.10-0.36-0.87%) Keystone XL pipeline was shortsighted. And it will in no way diminish Warburg Pincus’s appetite for oil sands investments.

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