TORONTO -- The failure of Ottawa and Alberta to set clear rules on greenhouse gas emissions has forced Sherritt International Corp. to delay major investment decisions, including giving the green light to a multibillion-dollar coal gasification plant, the company's chairman warns.
Ian Delaney said yesterday that Sherritt's board of directors can't give the go-ahead to the $3.3-billion Dodds-Roundhill Coal Gasification project southeast of Edmonton until federal and provincial governments table guidelines for carbon emissions. Until then, the economic viability of the project is unknown.
"The absence of clear and articulated rules and regulations and solutions for greenhouse gases has the effect of absolutely stopping investment dead in its tracks," Mr. Delaney said following Sherritt's annual general meeting in Toronto.
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