Derek Evans, chief executive of MEG Energy, made the comments on a conference call with analysts discussing the company's third-quarter financial results.
The proposed project would sequester up to 10 to 12 million tonnes of harmful carbon emissions annually from the oilsands, an industry which currently accounts for about 12 per cent of Canada's overall emissions. It has also been waiting for Ottawa to release a promised framework providing certainty about the future price of carbon, a move which would remove some of the investment risk from the project.
"I can assure you there is a massive amount of work that is going on in terms of Indigenous consultation, pipeline sizing, looking for appropriate mills ... So lots and lots of work going on, as well as the important work with both the federal and the provincial government trying to arrive at the appropriate fiscal terms that will make this project economic."
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »