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1008EDTN
Oilsands plans scaled back
EDMONTON - Alberta`s oilsands expansion plans took a multibillion-dollar blow Thursday with news that Suncor will cut spending on capital projects and that a proposed upgrader northeast of Edmonton likely won`t proceed.
Citing "turbulent times," Petro-Canada and partner UTS Energy Corp. said Thursday they may defer their
$10-billion-plus upgrader near Gibbons to cut costs at the Fort Hills project.
http://www.canada.com/edmontonjournal/news...5a-aa24505559c7
Oilsands plans scaled back
EDMONTON - Alberta`s oilsands expansion plans took a multibillion-dollar blow Thursday with news that Suncor will cut spending on capital projects and that a proposed upgrader northeast of Edmonton likely won`t proceed.
Citing "turbulent times," Petro-Canada and partner UTS Energy Corp. said Thursday they may defer their
$10-billion-plus upgrader near Gibbons to cut costs at the Fort Hills project.
http://www.canada.com/edmontonjournal/news...5a-aa24505559c7