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Category Archives: Ft Mac

Oilsands Region Unemployment Rate Jumps to 9.3%

According to data from Statistics Canada the unemployment rate in the oilsands region near Wood Buffalo and Cold Lake has jumped up to 9.3%, showing a 0.3% increase over the rate in January of 2016 and causing even more stress and worry for residents and companies who live or work in the region. During the…

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Approval for Oilsands Project Sought by Imperial Oil

Approval for an oilsands project is being sought by Imperial Oil, and the projected is estimated to be valued at around $2 billion. The project will be located in northeastern Alberta on the lease area that the company currently has in the Cold Lake region. Imperial Oil has already filed the regulatory paperwork concerning the…

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