Nexen Shutting Down After AER Suspends Pipelines
This is not the type of news one usually hears from the Athabasca Oil Sands.
After the largest oil spill in Canadian history, and being slapped with a suspension of 95 pipelines by the Alberta Energy Regulator due to the company’s lack of compliance, Nexen announced today that it is shutting down operations at their Long Lake site. As the Edmonton Journal reports, it will take 2 weeks to shutter the SAGD operations. There is no word on how long the shutdown will last, or how many jobs are at stake.
It is also not clear how Canada’s new Foreign Investment Promotion and Protection Agreement (FIPA) with China will play out under these circumstances.
Maybe we’ll be sued for stopping a company’s right to make money, even if they can’t manage operations properly.

