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Oil-sand megaproject era in Canada seems to be over

Various factors are driving producers from Suncor Energy to Imperial Oil to accelerate the shift to smaller projects

Published Thu, Jun 18, 2015 · 09:50 PM
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Calgary

THE era of the megaproject in Canada's oil sands is fading.

Crude's price slump, pressure to get off fossil fuels and tax increases in Alberta are adding to high costs and a lack of pipelines, prompting producers from Suncor Energy Inc to Imperial Oil Ltd to accelerate a shift to smaller projects.

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