The shelving of the proposed $20.6-billion Frontier oilsands mine this week stems mostly from the length of time it took for it to win regulatory approval, says the CEO of oilsands producer Husky Energy Inc. The project application was withdrawn by Teck Resources Ltd. last Sunday, just days before theRead More →

Vancouver-based Teck Resources Ltd., has withdrawn its application to build a massive oilsands project in northern Alberta, citing the ongoing debate over climate policy in Canada. The federal government was slated to make a decision this week on whether to approve the $20.6-billion, 260,000-barrel-per-day Frontier.  Sources close to the projectRead More →

Alberta’s new UCP government will continue to apply a $30-per-tonne carbon price that covers the majority of greenhouse gas emissions in the province, but will loosen the rules so that some of the largest emitters could be on the hook for $330 million less in charges next year. New legislation introducedRead More →