The Canadian oil arm of the conglomerate owned by the U.S. billionaire Koch brothers has begun initial regulatory work on a multibillion-dollar oil sands project after an asset-sales effort two years ago left it holding a number of leases.
Koch Oil Sands Operating LLC, the Calgary-based unit of Koch Industries Inc., has made an initial filing with Alberta regulators and has been in consultation with the nearby Fort McKay First Nation regarding the proposed development.
“We intend to develop a bitumen recovery project identified as the Dunkirk In Situ Project and have submitted the proposed Terms of Reference for an Environmental Impact Assessment to Alberta Environment and Sustainable Resource Development,” Paul Baltzer, spokesman for the Wichita, Kan.-based company, said in an e-mail.
Jeffrey Jones – Globe and Mail – May 23, 2014.
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