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Imperial gives Kearl project green light: Battered oil sands industry welcomes decision to proceed with mine’s $8-billion Phase 1
May 27, 2009

Imperial Oil Ltd.’s (IMO-T42.09-0.14-0.33%) approval of a major new $8-billion project is sparking optimism for a revival in the oil sands after months of project delays due to low crude […]

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Imperial saved up to $1 billion by holding off on Kearl decision
May 27, 2009

CALGARY – Holding off on approving construction on the Kearl oilsands mine until Alberta´s overheated market cooled off saved Imperial Oil Ltd. (TSX:IMO) as much as $1 billion, the company´s […]

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AFL wants oil sands jobs to stay in Alberta
May 27, 2009

The Alberta Federation of Labor sees the Kearl oil sands project as a pipeline for shipping jobs to the United States. Construction of the mega project northeast of Fort McMurray […]

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Canada’s Temporary Foreign Worker Program under review
May 27, 2009

In recent years, Canada’s Temporary Foreign Worker Program (TFWP) has been opened up to make it easier for Canadian employers to hire foreign workers to fill labour shortages in their […]

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Sitting on Kearl project announcement saved Imperial Oil more than $500 million
May 27, 2009

CALGARY – Waiting nearly a year to announce formal approval of the Kearl oilsands mining project saved Imperial Oil Ltd. between $500 million and $1 billion in capital costs, chairman […]

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With no commitment to Alberta-based refining, Kearl should not be seen as economic saviour
May 26, 2009

If Imperial Oil’s Kearl Lake project represents the future of the oil sands, then Albertans should be very concerned, says the president of the Alberta Federation of Labour. “Kearl Lake […]

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