New oilsands project gets green light from first nations
FORT MCMURRAY, AB – A British Columbia based company proposing the $20 billion Frontier Oil Sands mine near Fort McMurray, said it has signed deals with all of the Indigenous groups located near the northern Alberta mega-project.
Teck Resources announced the signings Monday as joint federal-provincial review hearings began for the project in Fort McMurray.
If approved, the company said Frontier would create thousands of jobs and pump over $70 billion into government coffers over the expected 41 year lifespan of the oilsands mine.
The hearings are being held before a joint review panel of the Alberta Energy Regulator and Canadian Environmental Assessment Agency.