Tar sands site had been slated to produce 80000 barrels a day but lower global prices,cost-cutting and lack of infrastructure contribute to shelvingRoyal Dutch Shell will halt construction of its Carmon Creek thermal oil sands venture in Canada due to “uncertainties” facing the project, including a lack of infrastructure.
The decision to finish the project in the western province of Alberta comes as Shell cuts costs and a shortage of pipeline capacity constrains growth in the Canada’s oil sands industry.
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Source: theguardian.com