Teck Cancels $20 Billion Frontier Oil Sands Project

Teck Resources has withdrawn its application for a regulatory review of the Frontier oil sands project, the company said in a news release. “Investors and customers are increasingly looking for jurisdictions to have a framework in place that reconciles resource development and climate change, in order to produce the cleanest possible products,” Teck’s chief executive wrote in a letter to the federal Minister of Environment and Climate Change. “This does not yet exist here today and, unfortunately, the growing debate around…