Toyota, Encana Energy Deal Devolves Into Legal Battle – Wall Street Journal

Posted: Saturday, September 03, 2016

CALGARY, Alberta—Energy companies aren’t the only ones reeling from the industry’s bust.

Japanese auto maker Toyota Motor Corp.’s supply and trading arm, Toyota Tsusho Corp., made an ill-timed bet on Canadian natural gas, inking a $500 million deal with Canada’s Encana Corp. in 2012 to develop gas-rich lands in southern Alberta. Two years after the market for such joint ventures collapsed, the deal has devolved into a court battle…

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