Saturday, October 25th4.2°C
23711
22501

Alberta band drops lawsuit over oilsands project: company

CALGARY - An oilsands developer involved in a contested project in northern Alberta says an aboriginal band has agreed to drop its lawsuit.

Athabasca Oil Corp. (TSX:ATH) says the Fort McKay First Nation has agreed to remove its objections to regulatory approval of the Dover Commercial project.

The band had won the right to challenge the go-ahead granted under new provincial rules that don't allow the Alberta Energy Regulator from hearing constitutional arguments.

The band argued that not being allowed to make its case before the regulator violated its aboriginal rights enshrined in the Constitution.

The Dover project would eventually produce 250,000 barrels a day and would be operated by Brion, a joint venture between Athabasca and Phoenix Energy Holdings Ltd.

The Canadian Press


Read more Business News

23631


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23825

FEATURED Property
2083738252 Magic Drive
4 bedrooms 4 baths
$599,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22771