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BP’s Oil Sands Exit May Not Be the Last as Big Oil Revises Image

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Photographer: Konstantinos Tsakalidis/Bloomberg

BP Plc has become the latest international oil company to exit Canada’s high carbon-emitting oil sands -- but it almost certainly won’t be the last.

The decision by the London-based energy company to sell its non-operating 50% interest in the Sunrise project to Cenovus Energy Inc. is just the latest in a recent string of divestments from Alberta’s oil sands, one of the largest crude reserves in the world.