Sep 30, 2012 – News Today

MacKay River oilsands project approved

CALGARY — Alberta Environment and Water has issued final regulatory approval for the MacKay River oilsands project, starting a 31-day clock on a potential deal by 60 per cent partner Petro-China to take full ownership. In a news release, Sveinung Svarte, president and chief executive of Calgary-based Athabasca Oil Sands Corp., praised the regulatory process that resulted in approval of the 150,000-barrel-per-day thermal oilsands project.