Teck Resources’ zinc and lead smelting and refining complex is pictured in Trail, B.C. (Darryl Dyck/The Canadian Press) Read the latest on this story | Reaction to withdrawal of Teck’s Frontier oilsands mine ranges from shock to anger to applause Vancouver-based Teck Resources Ltd., has withdrawn its application to build a massive oilsands project in northern Alberta, citing the ongoing debate over climate policy in Canada. The federal government was slated to make a decision this week on whether to approve the $20.6-billion, 260,000-barrel-per-day Frontier. Sources close to the project confirmed to CBC News the application was withdrawn. The company said it will take a $1.13-billion writedown on the project, which it said would have created 7,000 construction jobs, 2,500 operating jobs, and brought in more than $70 billion in government revenue. "We are disappointed to have arrived at this point," CEO and president Don Lindsay wrote in a letter addressed to federal Environment Minister Jonathan Wilkinson, posted to the company’s website Sunday evening. "Teck put forward a socially and environmentally responsible project that was industry leading and had the potential to create significant economic benefits for Canadians." Lindsay wrote that customers want policies that reconcile resource development and […]

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