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Exxon CEO: The Canadian Government has our backs

Rex Tillerson, chairman and chief executive of Exxon Mobil Corp., the world's largest oil-and-gas company updated his room full of shareholders on the $8 billion Kearl Tar Sands Project at their General Meeting in Dallas last week.

Kearls is the planned open-pit mining operation, the size of 20,000 football fields with expected production is 200,000 barrels of bitumen a day. 

The Sierra Club and other environmentalist groups challenged Alberta's hasty approval of the project and a Canadian federal court in March, ordered an environmental review panel to justify its decision to allow the oilsands project in northern Alberta to go ahead.

However Rex told his shareholders that he expects little delay in the $8-billion Kearl oilsands project in Alberta, despite the court challenge by the environmental organizations.
"My understanding is that the project … has been given a very high priority by the government of Canada and is moving along at a fairly rapid pace."
Yes sir Rex, my bet is that you receive weekly updates from our federal government. 

Don't worry, I'm sure Steve has your back.




References Exxon Meeting here. Federal court ruling here.

Comments

"I'm sure Steve has your back"

i believe that's called the reverse reach-around.

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