Alberta approves three oilsands projects worth potential $4 billion in investments
CALGARY — The Alberta government has approved three oilsands projects that it says represent about $4 billion of potential investments, though it’s unclear whether any of the projects will go ahead.
The projects include the Blackpearl Resources’s Blackrod project, Surmont Energy’s Wildwood project, and Husky Energy’s Saleski project that together total about 95,000 barrels of potential production.
The approvals, announced Thursday, are the first projects to get the green light since the government established a 100 megatonne greenhouse gas cap on oilsands emissions.
“They’re not the first to be approved by the (NDP) government, but they are the first under the Climate Leadership Plan,” said Energy Minister spokesman Brad Hartle.