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Archive for May 15th, 2008

Exxon Stalled By Court – other project affected

Posted by mhudema on May 15, 2008

Imperial suffers Kearl defeat

http://www.reportonbusiness.com/servlet/story/RTGAM.20080514.wkearlstaff0514/BNStory/Business/?page=rss&id=RTGAM.20080514.wkearlstaff0514#

DAVID EBNER

From Thursday’s Globe and Mail

May 14, 2008 at 9:36 PM EDT

CALGARY — Multibillion-dollar oil sands projects will face new legal and regulatory hurdles after the Federal Court ruled against Imperial Oil Ltd. in its battle to keep the $8-billion Kearl oil sands mine on schedule.

Imperial went to court to win back a key permit for site preparation that was voided after a Federal Court found Kearl’s regulatory approval to be incomplete on the issue of greenhouse gases.

The loss will set back Kearl by at least several months, if not a year or more.

For the energy industry, the Federal Court decision means regulatory reviews are likely to become ever-more detailed and arduous, while legal challenges will become more common.

Alberta's oil sands Read the rest of this entry »

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