Canada’s MEG Energy has asked Alberta Energy Regulator (AER) for a three-year delay to the approval process of a proposed oil sands project in the province, because of what it called continuing difficulties, the Globe and Mail reported.
MEG cited Alberta’s economic malaise and a lack of investors in the oil sands, as well as overloaded pipelines, in a letter late last year to the AER requesting a hold on the regulator’s approval, the report said on Monday.
MEG could not be immediately reached for comment.