In past years, most oil sands projects were either cancelled or put on hold as majors including Royal Dutch Shell Plc and ConocoPhillips sold their operations to local producers.
Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.
“We believe that clarity, compensation payments, and a relatively long phase-out period should trigger a re-rating for the company’s conventional power generation,” said analyst Guido Hoymann.