Teck Resources is uncertain it will go ahead with a planned oil sands project that is awaiting the approval of the federal Canadian government, the Canadian Press reports , citing Teck’s chief executive. The Frontier project, estimated to be worth $15.6 billion (C$20.6 billion), is an open oil sands mine that would yield 260,000 bpd at peak production, with its life estimated at 40 years. Yet it must first be approved by the Liberal government that has strict climate change fighting goals. According to Teck Resources’ CEO Don Lindsay, however, the project may not go through even if the government grants it approval. The problem, he said during an investor conference in Alberta, was oil prices, among other things. Frontier’s profitability was based on higher oil prices , much higher than they are now. When it was first floated, the plan saw profitability at a West Texas Intermediate price […]