After Teck Resources canceled its oil sands project, even approved oil sands projects could be difficult for Canada’s companies to bring online in the short term until more pipeline capacity becomes available and the federal regulatory process becomes clearer, analysts tell The Canadian Press . Last month, Teck Resources said it had withdrawn its application for a regulatory review of the Frontier oil sands project. The federal government of Canada was set to decide by the end of February whether to approve Teck Resources’ Frontier Project—a truck-and-shovel oil sands mine located between Fort McMurray and Fort Chipewyan in northeast Alberta. But Teck Resources didn’t wait for the federal government’s official response and dropped the project estimated to be worth US$15.6 billion (C$20.6 billion). According to Phil Skolnick, an oil sands analyst at Eight Capital, Teck Resources’ decision shows that companies with already approved projects and plans for expansion of […]