It would show that ‘projects can ultimately be scuttled by an arbitrary political decision made without any transparency’
A rejection of Teck Resources Ltd.’s enormous oilsands project would draw a very serious response from Alberta and send a “devastating” message to global investors, Premier Jason Kenney said Friday.
Teck has already spent $1 billion during the past decade to clear a series of regulatory hurdles, invest in technology designed to lighten the mine’s carbon footprint and forge agreements with First Nations groups, Kenney said. A rejection from Ottawa now would signal to investors that despite such efforts, projects can ultimately be scuttled by an “arbitrary political decision” made without any transparency, he said.
Teck chief executive Don Lindsay recently raised doubts about whether the Frontier project will ever be completed, saying it would depend on both pipeline access and world oil prices. Prime Minister Justin Trudeau has since appointed Deputy Prime Minister Chrystia Freeland to work directly with the provinces, with a particular focus on addressing differences with the West.
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