Petrocan talking itself out of oil sands
Andrew Willis, September 17, 2008 at 9:09 AM EDT
Petro-Canada is talking itself out of the Fort Hills oil sands project.
The latest cost estimates on the project, released late Tuesday, highlighted a 50-per-cent spike in expenses over the past 15 months, on a project that was already projected to eat up $14.1-billion. Keep in mind: This initiative still needs approvals from both the Petrocan board and government bodies.