Quote:
Originally Posted by reddeerguy2015
The project wasn't economically feasible.
Profitability was based off $95/barrel oil.
Teck knew this, had the opportunity to save face while giving the federal government a slap on the face on the way out (what what it's worth).
I wanted this project to go ahead as much as anyone on this board, but just couldn't see how the numbers would work out, even if it had got approval.
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Completely agree. Also a lack of access to $20 billion in capital. Who wants to invest here when we aren’t open for business?