Oil-Sands Spending to Fall 20% as Shell, Suncor, EnCana Delay D...

Full story: Bloomberg.com

Energy companies are cutting back development of Canadian oil sands, the world's biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive.
1 - 2 of 2 Comments Last updated Jan 30, 2009
just like citizens now eh

Toronto, Canada

#1 Nov 11, 2008
... Stringham said. Suncor, which peaked May 20 at C$72.37,

fell 63 percent since then, closing at C$26.55 today on the Toronto Stock Exchange.

Petro-Canada has declined 57 percent to C$25.78 from C$60 on May 22. Imperial Oil Ltd., Canada's largest oil ...


Related Topix: Suncor Energy, Energy, EnCana, Oil & Gas, North America, Canada, World News, Calgary, AB, Canada, Alberta, York (Toronto, ON), Ontario, Cold Lake, AB
global dimming then

Toronto, Canada

#3 Jan 30, 2009
While we’re delighted the project is going nowhere for now, we know that Enbridge could start it up again in a moment’s notice...


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