Teck Resources Ltd’s surprise decision to cancel a planned C$20.6 billion ($15.6 billion) oil sands mine in northern Alberta, citing uncertainty about Canada’s climate policy, underscores a global struggle to balance energy growth with environmental concerns. The project became the latest casualty in oil-producing countries that also have robust environmental movements agitating to cut fossil fuel development due to global warming. Numerous pipeline and drilling projects in the United States and Canada, the largest and fourth-largest oil producers in the world, have been halted or killed due to activists or local governments opposed to energy development. Teck on Sunday withdrew its application to the Canadian government to build the Frontier project. “The […]