Imperial Oil growth on hold because of ‘long, costly, uncertain regulatory environment’ in Canada

Imperial Oil growth on hold because of ‘long, costly, uncertain regulatory environment’ in Canada

Capital investment by Imperial Oil Ltd. is at a historic low because expanding regulatory timelines, market access challenges and escalating fiscal costs make it hard to start new projects, the company’s CEO said Friday. Rich Kruger said the 138-year old company had hoped to have regulatory approval in hand by now for its 150,000-barrel-a-day Aspen…

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