Canadian miner Teck Resources Ltd has withdrawn an application to build its C$20...
TORONTO - Canadian miner Teck Resources Ltd has withdrawn an application to build its C$20.6 billion Frontier oil sands mine in Alberta, days before the federal government was to decide on whether to approve a project opposed by environmentalists and indigenous groups.
The company released a letter by Teck Chief Executive Don Lindsay to Canada’s environment minister, stating Teck was “disappointed to have arrived at this point”. “The growing debate around this issue has placed Frontier and our company squarely at the nexus of much broader issues that need to be resolved,” Lindsay wrote in his letter. “In that context, it is now evident that there is no constructive path forward for the project.”
But unhappiness with the government’s energy and pipeline policy cost Trudeau’s Liberals all their seats in Alberta, where the project was considered essential for employment and growth.
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