Feb 11, 2013

Twilight of an energy boom: Alberta’s new fiscal challenge - The Globe and Mail


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A squared-off concrete shell sits in a frozen field, a short distance from Highway 63 north of Fort McMurray. It was to be the first building block of the $11.6-billion Voyageur oil sands upgrader, which was taking shape in 2008 as the latest megaproject to inject adrenalin into an Alberta economy that was already riding high on its good fortune.

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Funny what slight reduction in a price of a barrel of oil does to a project that should not be built to begin with...

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