Oil prices need to recover before Oilsands project reopens.
Low oil prices keep oilsands project shuttered long after wildfire put out
http://calgaryherald.com/author/the-canadian-press
The Hangingstone thermal oilsands project, operated by Japan Canada Oil Sands Ltd. since 1999, was shuttered in May as a precaution when staff were evacuated due to the wildfires.
Satoshi Abe, the company’s executive vice-president, said the facility won’t be restarted for economic reasons.
