Economic Calendar

Wednesday, January 21, 2009

Suncor Says Reduced Water Has No Impact on Oil Sands Output

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By Aaron Clark and Robert Tuttle

Jan. 21 (Bloomberg) -- Suncor Energy Inc. said production from its Fort McMurray, Alberta, oil sands operation won’t be affected by a reduction in water from the Athabasca River.

“We withdraw 0.3 percent of Athabasca River’s annual flow so we don’t expect this to have impact on our production,” Shawn Davis, a Suncor spokeswoman, said in a telephone interview.

Alberta Environment has ordered industry to trim water withdrawals from the river because of low water flows.

To contact the reporter on this story: Aaron Clark in New York at aclark27@bloomberg.net; Robert Tuttle in New York at rtuttle@bloomberg.net




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