Peace River Shell Oilsands Project shelved

In the Alberta peace, Shell Canada has temporarily withdrawn an application to build its planned 100-thousand barrel a day Carmon Creek oilsands project, near Peace River.
The company says it will look at ways to trim the project’s costs, before the application goes back to regulators.
Shell Canada says it still plans to go ahead with the project, which has been on the drawing board for almost 30 years.