Canadian Natural Defers Oilsands Mine Expansion, Citing Regulatory Uncertainty

Canadian Natural Resources logo is shown at the company's annual meeting in Calgary on May 4, 2017. The Canadian Press/Jeff McIntosh

Canadian Natural Resources Ltd. is deferring an oilsands mine expansion as it waits for Ottawa to finalize environmental policies.

The Calgary-based oil and gas giant had been planning to spend about $150 million this year on early engineering and design work for its $8.25-billion Jackpine mine expansion north of Fort McMurray, Alta., president Scott Stauth said Thursday.