Source: Dan Healing, The Canadian Press, September 25, 2018
FORT MCMURRAY, Alta. — In a sign that the oilsands mining industry can’t be counted out just yet, public hearings into the proposed $20.6-billion Frontier Oil Sands Mine project begin in Fort McMurray, Alta., today.
International oil companies are cutting their oilsands mine investments and many analysts say the long-life returns don’t justify the high upfront costs, but Vancouver-based Teck Resources Ltd. says it is committed to its megaproject which could be producing oil by 2026.
“We believe the long-term outlook for the global oil market is favourable for projects like Frontier,” said Doug Brown, Teck’s director of public affairs, reached in Fort McMurray on Monday.
Image Source: CTV News
