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			<p id="updated">Posted  on 05/12/08</p>
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			<h2>Statoil deals new blow to oil sands</h2>
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 NORVAL SCOTT
									
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			CALGARY -- Alberta's investment boom is taking another hit, after Norwegian oil and gas firm StatoilHydro ASA shelved a $4-billion upgrader.Statoil is the latest in a string of producers to cancel or delay new bitumen upgraders, citing the worsening economic climate and the high cost of development. The company's withdrawal of its application for provincial approval of the project brings the total value of stalled or halted upgraders to at least $45-billion.
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