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Suncor, Total and Teck to invest $13.5 bn in oil sands

Suncor Energy said it would invest some $13.5 billion in an oil sands project in Canada along with joint venture co-owners Total E&P Canada Ltd. and Teck Resources LimitedSuncor Energy said that with joint venture co-owners Total E&P Canada Ltd. and Teck Resources Limited, it would invest some $13.5 billion in an oil sands project in Canada. The Fort Hills project in Alberta is slated to produce oil as early as the fourth quarter of 2017 and achieve 90 percent of its planned production capacity of 180,000 barrels per day within a year, Suncor said in a statement.