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Canada's Teck pulls the plug on US$15B Alberta investment

Canada's waning investor confidence epitomised by Teck's multi-billion decision not to invest

Henry Lazenby
Teck Resources has withdrawn its federal permitting application for the C$20.6 billion Frontier oil sands mine in Alberta, Canada

Teck Resources has withdrawn its federal permitting application for the C$20.6 billion Frontier oil sands mine in Alberta, Canada

Vancouver-based Teck, which had spent about $1 billion over the past decade to navigate Canada's onerous permitting process, said it did not arrive at the "difficult decision" lightly and CEO Don Lindsay...

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