Teck gives up amid Canadian tensions
The miner abandons its oil sands plan as long-term fissures between opposing lobbies claim another investment casualty
The row over Canadian mining firm Teck Resources’ proposed C$20.6bn ($15.3bn) oil sands mining project came to a sudden and unexpected end this week, days before the Canadian cabinet was to announce a decision regarding its future. The firm’s CEO Don Lindsay released a letter sent to the federal environment minister stating the company was withdrawing its regulatory application for the project (see Row engulfs Canadian oil sands project). In the letter, Lindsay said the Frontier mining project was putting his company “squarely at the nexus” of longstanding tensions in Canada between natural resource extraction and First Nation land claims, as well as the battle between energy development an
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