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...
Source: Wall Street Journal September 03, 2016 09:22 UTC