Three years ago, Teck was going to spend $20 B on its Frontier Oil Sands Project. Now it’s totally out of the oil sands, completing sale of Fort Hills stake
VANCOUVER — Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands mine to Suncor Energy Inc. and TotalEnergies EP Canada Ltd.
The Vancouver-based mining company announced last year that it would sell its stake in Fort Hills to Suncor, one of two other partners in the project, for about $1 billion.
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