Teck Cancels Frontier Oilsands Mining Project

Teck Cancels Frontier Oilsands Mining Project
An oil sands facility is reflected in a tailings pond near Fort McMurray, Alta., in a file photo. The Canadian Press/Jeff McIntosh
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VANCOUVER—Teck Resources Ltd. says it’s withdrawing its application for a massive oilsands mining project just days ahead of an expected government decision, citing the political discourse over climate change.

The company says it will take a $1.13−billion writedown on the Frontier project in Alberta.