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

Reuters - UK Focus

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 (LSE: 0LN9.L - news) and Marathon Oil (Euronext: MROIL.NX - news) 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)