Cancelled Teck Oil Sands Project Underscores Global Climate-Energy Policy Tension
By Reuters
Feb. 24, 2020
WINNIPEG, Manitoba/OTTAWA — Teck Resources Ltd's surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada's climate policy, underscores a global struggle to balance energy growth with environmental concerns.
The Frontier project became the latest casualty in oil-producing countries with robust environmental movements agitating to cut fossil-fuel development due to global warming. Pipeline and drilling projects in the United States and Canada, the largest and fourth-largest oil producers in the world, have been halted or delayed due to opposition to energy development.
https://www.nytimes.com/reuters/2020/02 ... sands.html