Canada Government OKs Joslyn North Oil-Sands Project

OTTAWA (Dow Jones Newswires), Dec. 9, 2011

The Canadian government said Thursday work can begin at the Joslyn north oil-sands project after the completion of an environmental assessment.

The project, expected to attract C $9 billion (US $8.9 billion) in investments, is headed by Total E&P Canada and was first proposed six years ago. Total E&P is a unit of French oil major Total.

In announcing the project's approval, Canada's resources minister, Joe Oliver, said governments must work to reduce the amount of time needed for project approval. He said without regulatory reform, Canada was at risk of losing out on investments such as Joslyn.

He said Canada was fortunate that the project's developers showed patience.

Copyright (c) 2011 Dow Jones & Company, Inc.


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craig kayea | Dec. 10, 2011
Where are the jobs for this Canada/US. joint venture / oil sands pipeline ???

Margie Genero | Dec. 10, 2011
Being a previous Alberta tar sands worker, its great to see an intense environmental study was conducted before the approval of the Joslyn project. I am currently attending business college to further my business skills in just such field as that, My goal is to operate my own environmental safety consultant company in the very near future, From personal experience, i have seen first hand how non researched projects can have a significant impact on the environment. I am interested in receiving more information pertaining to the Joslyn project, and other future projects being researched. This such research information may be useful to me during my business studies, and prepare me for my future career goal. Thank you and Happy Holidays.. Sincerely Margie Genero Ottawa Ontario Canada

al katona | Dec. 9, 2011
why does this take so long?!?!?!

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