ECONOMICS HINDER CANADIAN MEGAPROJECTS

Canadian oilsands and frontier development will be hampered by low oil prices and limited supply of international capital, says the Canadian Energy Research Institute (CERI), Calgary. As a result, conventional exploration and development is likely to be the focus of attention for the Canadian industry for a long time. Meantime, Suncor Inc. asked governments for tax and royalty breaks to attract partners for a new oilsands mining operation in Alberta.

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