.jpg)
1 hour ago
2
Article content
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The project along the Mackenzie River in the remote Northwest Territories will shut by the end of the third quarter, the Exxon Mobil Corp. subsidiary announced on Friday.
Article content
Article content
Pumping crude since the 1920s amidst some of Canada’s most extreme conditions, Norman Wells was pivotal to fuelling the Allied defence of the Pacific Coast during World War II. After the conflict ended in 1945, the oil was sent to Alberta for domestic use.
Article content
Article content
The site was producing just under 4,000 barrels a day as of September, down from a peak of about 35,000 in 1992, provincial data show.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Imperial recorded a US$320 million after-tax charge related to the shutdown in its fourth-quarter results. Site reclamation is scheduled to start some time after 2030.
Article content
“While this decision is not entirely unexpected given the age of the facilities and long-term trends, it is still disappointing,” Northwest Territories Premier R.J. Simpson said in a press release. “In the immediate period ahead, our focus as a government is on support, certainty, and a responsible path forward.”
Article content
Article content
We apologize, but this video has failed to load.
Article content
English (US)