Decision on $8 Billion Fort Hills Oil Sands Projec

SUGAR LAND, TX--(Marketwired - Apr 16, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Contractors have started preliminary earthwork at the Fort Hills Oil Sands project in Alberta. Fort Hills Energy Corporation (Fort McMurray, Alberta), owned by  Suncor Energy Incorporated (NYSE:SU) (40.8%), Total E&P Canada Limited (39.2%) and  Teck Resources Limited (NYSE:TCK) (20%), is expected to make a go/no-go decision for the $8 billion Fort Hills Oil Sands mine during the second half of 2013 and has initiated preliminary earthwork at the site.

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