Canada invests $70m in Seymour Lake lithium project in Ontario
The lithium mine operated by Australia's Green Technology Metals could become the province's first lithium producer.
The government of Alberta, on the global defensive for its management of the oilsands, says it will revoke a number of oil sands leases, leading some in the oil patch to bring up comparisons with Venezuela. The Globe and Mail reports:
The Alberta government has proposed new environmental rules that would revoke a number of oil sands leases – including those which already have active projects – in an effort to protect sensitive habitat, wildlife and forest land in the most industrialized area of the province.
The government on Tuesday unveiled a plan to set aside two million hectares, or about 20 per cent, of Alberta’s oil sands zone, for conservation.
Provincial minister for Sustainable Resource Development Mel Knight said the government is willing to listen to the concerns of affected companies, and suggested compensation would be on the table.
