CAPP Issues a Statement on Teck Resources’ Decision on the Frontier Project
February 24, 2020 – Calgary, Alberta
CAPP issues the following statement on Teck Resources’ decision to withdraw its application for the Frontier project in northeastern Alberta:
This is a sad situation for Canada, and the Canadian Association of Petroleum Producers (CAPP) is disappointed Teck Resources has officially withdrawn its application to build the Frontier project. Our global reputation as a reliable, productive, nation that welcomes high-quality projects and capital investment has been further damaged.
This is not the first major project to be abandoned, nor is it likely to be the last. This is the result of a system where – after nearly a decade of work in the permitting space, unprecedented consultation, support and agreements with Indigenous communities, and recommendations to approve from a joint review panel – a company feels it has no choice but to withdraw its application.
This is bigger than one project; it is a pattern of projects. The decision speaks to the ongoing inability of major Canadian projects to succeed. Aside from yet another blow to Canada’s oil and natural gas sector, we must ask ourselves about the implications for Canadian industries as a whole. This time it was an energy project, but the next time it could affect a manufacturing, aviation, forestry or agriculture project.
-Tim McMillan, President and CEO, CAPP
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