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INSIGHT - Innovators toil to revive Canada oil sands as majors exit

Reuters  |  CALGARY, Alberta/HOUSTON 

By Nia Williams and Ernest ScheyderCALGARY, Alberta/HOUSTON (Reuters) - In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem the exodus of top global energy firms from Canada's oil sands.They are searching for a breakthrough that will cut the cost of pumping the tar-like oil from the country's vast underground bitumen reservoirs and better compete with the booming shale industry in the United States.If they fail, a bigger chunk of the world's third-largest oil reserves will ...

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First Published: Mon, June 19 2017. 11:08 IST