2008-05-16
Federal Court in Canada Hands Exxon Another Setback on Alberta Oil Sands Project. By Hyun Young Lee, Dow Jones News, May 15, 2008. "[Calgary-based] Imperial Oil [majority-owned by Exxon-Mobil] suffered a further setback to its proposed Kearl oil sands mine Wednesday after a Canadian federal court refused to reinstate a key water permit for the $8 billion development. Canadian Federal Judge Douglas Campbell ruled that the Department of Fisheries and Oceans was right to cancel the permit in March following a prior legal challenge against the project's environmental approval granted last year. Without the permit, the proposed 300,000-barrel-a-day development in northern Alberta could be delayed by a year or more... The legal clash highlights the growing confrontation between environmental worries and the rush to develop Alberta's massive oil sands resource amid a blazing rise in crude oil prices."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment