Our share of the assets and liabilities of our associates and their results are as follows: Our share of our associates’ losses was $10 million in 2012 and $5 million in 2011. Our associates had no revenue in  2012 and 2011. In November 2005, we acquired a 15% interest in the Fort Hills Energy Limited Partnership, which is developing the  Fort Hills oil sands project in Alberta, Canada. Fort Hills is our only significant investment in an associate. As consideration  for our initial 15% interest, we contributed 34% of the first $2.5 billion of project expenditures. In September 2007,  we acquired an additional 5% interest, bringing our interest to 20%. In consideration for our additional 5% interest,  we are required to contribute 27.5% of project expenditures after project spending reaches $2.5 billion and before  project spending reaches $7.5 billion. Thereafter, we are responsible for funding our 20% share of development costs.  In the event that the project is abandoned, all limited partners are required to make additional contributions such that the  aggregate contributions of all partners equal $7.5 billion and any unexpended amount will be distributed to the partners  according to their partnership interests. Project spending totalled $3.3 billion as of December 31, 2012, of which our  share was $1.1 billion. Fort Hills Energy Limited Partnership Generations 99 December 31, December 31, (Cdn$ in millions) 2012 2011 Share of associates’ financial position Total assets $ 863 $ 723 Total liabilities 35 8 Carrying amount of the investments  $ 828 $ 715