Why oilsands majors are holding back on expansion

ca.finance.yahoo.com · last updated August 10, 2026 – 8:04 PM

Heavy haulers are seen at the Suncor Energy Inc. Fort Hills mine in this aerial photograph taken near Fort McMurray, Alta. (Credit: Ben Nelms)

Canadian oil producers earned more than $13 billion in the second quarter as crude prices climbed. Smaller companies are raising growth budgets, but oilsands majors remain cautious about expansions. We look at where the cash is going, why project timelines change the calculation and what Alberta’s incentives could unlock.

• Email: dtrainer@postmedia.com

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