"The Calgary-based company building a controversial $60-million oilsands project in Utah that has been targeted by environmentalists is putting it on hold, but not because of the protesters.
US Oil Sands Inc. announced late Thursday it would halt construction on its 85 per cent complete PR Spring Project after a review prompted by low oil prices and delays caused by the closure of Utah-based operations of two key contractors.
“The oil industry is facing one of the most challenging environments it’s ever seen and it is prudent for us to adjust our construction plan accordingly,” said chief executive Cameron Todd in a statement."
Dan Healing reports for the Calgary Herald February 4, 2016.
Source: Calgary Herald, 02/08/2016
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