BP sells Canadian coalbed methane assets

BP is selling off a number of assets world-wide to raise money to pay for the oil spill in the Gulf of Mexico, including their Mist Mountain coalbed methane project near Fernie, BC. As long-time readers may recall, BP originally intended coalbed methane development in the Canadian Flathead as well, but pulled out of that region in response to public outcry. Presumably, the new owner, Apache Corporation, will continue to honor this restriction.

More reading . . .

BP sells Fernie coal bed methane project to Apache Corp (the Fernie Free Press)

BP shops assets to cover oil spill costs (Reuters)