Warburg Pincus sees oil sands opportunity

Warburg Pincus LLC, one of the world’s oldest and largest private equity firms, wants to do more deals in Canada’s oil sands.

In a rare interview, Charles (Chip) Kaye, co-president of the New York-based firm, said he thinks the U.S. government’s decision to postpone approval of TransCanada Corp.’s   Keystone XL pipeline was shortsighted. And it will in no way diminish Warburg Pincus’s appetite for oil sands investments.