Regulator: Koch Wants To Pull Out Of Oil Sands Project In Canada

Reuters

CALGARY, Alberta, Dec 19 (Reuters) - U.S.-based Koch Industries Inc's oil sands subsidiary in Canada wants to pull out of a project in the Muskwa region in the province of Alberta, citing economic and regulatory uncertainties, the local energy regulator said on Monday.

This month Canada's year-old Liberal government, which ran on a pro-environment platform, reached a deal with provinces including Alberta to introduce a landmark national carbon price. Critics have said that would make the country less attractive to investment.

(Reporting by Ethan Lou in Calgary, Alberta; Editing by Chizu Nomiyama)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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