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Canada’s Suncor to restart Firebag project

By Bernard Simon in Toronto

Published: November 14 2009 02:59 | Last updated: November 14 2009 02:59

Suncor, the biggest Alberta oil sands producer, plans to restart work on a huge mothballed project as part of a near-doubling in capital spending next year.

But the Calgary-based company cautioned on Friday that it would take a more disciplined approach to expansion than during the last oil-price boom. “I don’t want to go back to a world where we made C$10bn project commitments upfront”, said Rick George, chief executive.

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