Rising oil sands costs ‘a worry’
As energy giants rush back into the oil sands, surging demand for labour and equipment threatens to drive construction costs skyward once again.
“It’s a worry,” said Steve Laut, president of Canadian Natural Resources Ltd., one of Canada’s biggest energy companies. Mr. Laut in the past had called on the industry to carefully schedule its projects in a bid to avoid overlapping construction timelines, which ratchet up the demand pressure on labour and equipment.
