The Alberta government has approved the Suncor Meadow Creek West project, it was announced Wednesday.
In a news release, it said the approval allows Suncor to proceed to the next stage of development, including making a final investment decision and applying for other environmental licences and local area development permits.
“Enabling projects like Meadow Creek West demonstrates our commitment to encouraging investment and creating good-paying jobs in our province,” said Sonya Savage, Minister of Energy, in a statement.
The government said Suncor Meadow Creek West will create an estimated 3,200 jobs during construction and 200 jobs once it is operational. Once operational, the project will produce about 40,000 barrels of bitumen per day. The project will extract bitumen using steam-assisted gravity drainage. The project is located in the Regional Municipality of Wood Buffalo, approximately 40 kilometres south of Fort McMurray.
More to come
Mario Toneguzzi is a business reporter in Calgary.
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