Canadian Natural Resources Ltd, the company that is already using Temporary Foreign Worker labour from behind fences to construct their massive "Horizon" project, is one of the biggest anti-union, pro mining, and generally reactionary, "cost-cutting" corporations already deep at work in the tar pits. These projections are released in order to soften up an audience to their desire to ramp up TFW's, for one-- also this is a set up for further de-regulation and more. CNRL were the ones who most strongly objected to the weak, tea-bag-in-an-ocean attempt to add new royalties for tar sands operators to pay (the watered down version of the already grossly watered down "royalty recommendations") and suggested they would leave.
Which begs the question: How can we help you pack up?
--M
Firm's oil sands costs continue to skyrocket
Feb 13, 2008 04:30 AM
Canadian Natural Resources Ltd. said yesterday costs for its Horizon oil-sands project have risen to as much as $8.7 billion (Canadian), $1.9 billion more than initial estimates, as severe cold at its northern Alberta project site hampered construction.
Canada's second-biggest oil explorer said construction at the site north of Fort McMurray, Alta., was 90 per cent complete and Horizon remained on track to open in August, as it decided to spend the additional cash in order to stick to the schedule.
It's the third time that Canadian Natural has raised its cost estimate.
