Suncor Energy Inc approves $13.5-billion Fort Hills oil sands project to boost production – Financial Post

Suncor Energy Inc., Canada’s largest energy company by market value, will proceed with the $13.5 billion Fort Hills oil sands project as it seeks to increase production.

The venture with Total SA and Teck Resources Ltd. will begin producing crude in 2017, adding 180,000 barrels a day of output in northern Alberta, the company said yesterday in a statement. Calgary-based Suncor’s share of the costs will be $5.5 billion.

Read more: http://business.financialpost.com/2013/10/31/suncor-energy-fort-hills/?__lsa=dd3c-62de