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Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake, Alberta.
Oil, steam and natural gas pipelines run through the forest at the Cenovus Foster Creek SAGD oil sands operations near Cold Lake, Alberta.
(TODD KOROL/REUTERS)

Teachers’ invests in Canadian natural gas

Despite the naysayers, Ontario Teachers’ Pension Plan is bullish on natural gas. At least over the long term.

The private equity arm of the behemoth pension fund has invested $150-million in privately owned Canbriam Energy, which operates in the Montney region of British Columbia. Although the cheque isn’t so big for such a massive firm, Teachers is joining a blue chip consortium of big name players who support the company.