The federal Canadian government is preparing a financial aid package for Alberta in case it decides against a controversial large-scale oil sands project, Reuters reports , citing sources close to the cabinet. “Rejecting Teck without providing Alberta something in return would be political suicide,” one of the sources said. This means the government must be prepared to compensate the oil province to dull the pain. Teck Resources’ Frontier oil sands project , valued at some $15.7 billion (C$20.6 billion) will produce some 260,000 bpd of crude oil at peak production and will have a productive life of 40 years. It is as controversial as any new oil sands project would be under a Liberal government that has pledged to do more about climate change, but for Alberta it is essential not just as a job creator but as an indicator of this government’s readiness to support—or defeat—Alberta’s oil industry […]