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Trillions predicted in oilsands spending in Alberta, Canada

May 17, 2011View for printing

CERI projects 5M barrels per day by 2035 The recession that clouded the future of oilsands development two years ago has lifted and clear skies beckon trillions of dollars of investment, according to a report released Monday.

Over the next 25 years, through 2035, $2.077 trillion will be invested in building and maintaining the oilsands, according to the Canadian Energy Research Institute.

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By Dan Healing

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