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Teck dumps tar sand project over carbon tax and cleanup costs

It’s not been a good week for the Canadian Tar sands community, with Teck Resources calling a halt to its exploitation of the Frontier Project, an extension to the existing Athabasca Tar sands all within Alberta. There are plenty of other Tar sands projects which have already been committed to, but the economics of the Tar sands business has more or less been scuppered by the Canadian Government, for that read Justin Trudeau, the prime minister. Trudeau has been fairly constant in strong environmental controls due to an understanding of global warming, but at the same time has always tried to balance this with Canada’s economic needs. But last year he pushed through an opening carbon tax of $20 a…

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