Dollars and SenseNewsOil & Gas
Vancouver-based Teck Resources withdraws from major Alberta oilsands project
Source: Alexandra Mae Jones, ctvnews.ca February 24, 2020
The Frontier project was slated for 2026, and would have produced more than 250,000 barrels of oil each day, amounting to roughly four million tonnes of greenhouse gas emissions every year of its production.
TORONTO — Vancouver-based Teck Resources Ltd. has announced that it is withdrawing the regulatory application for a major Alberta oilsands project that was up for approval by the federal government this week.
Teck Frontiers was an oilsands mine estimated at $20 billion that was proposed to be built in northern Alberta, 110 kilometres north of Fort McMurray.
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