February 27, 2020 / 5:23 PM / a month ago

Husky Energy blames long Canada regulatory process for canceled Teck oil project

WINNIPEG, Manitoba (Reuters) - Canada’s excessively long regulatory process led to cancellation of Teck Resources’ Frontier oil sands project this week, the chief executive of rival Husky Energy said on Thursday.

Regulatory reviews should not last more than five years, Husky CEO Rob Peabody said on a quarterly conference call. Frontier was reviewed for nine years.

Reporting by Rod Nickel in Winnipeg, Manitoba

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