March 10, 2017 / 7:31 PM / a year ago

CERAWEEK-Majors exiting Canada's oil sands acting in own interest - Trudeau

HOUSTON, March 10 (Reuters) - Canadian Prime Minister Justin Trudeau on Friday dismissed a recent string of major oil companies selling their holdings in the heavy oil sands of Western Canada.

“Businesses will make the decisions they make,” he said.

Royal Dutch Shell and Marathon Oil this week announced sales of operations that largely removed the two firms from the carbon-heavy reserves.

In a media briefing, Trudeau also said oil and gas executives are looking for greater clarity on regulations and pricing, arguing the world is ready for a low-carbon economy.

Reporting by Liz Hampton; Writing by Gary McWilliams

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