FCL pauses proposed Integrated Agriculture Complex projects
- Federated Co-operatives Limited has paused its proposed renewable diesel facility and canola crushing projects due to regulatory and political uncertainty, escalating costs, and potential shifts in low-carbon public policy, as stated in their news release.
- The proposed projects were expected to create over 2,500 construction jobs and 150 permanent operating jobs, but neither had begun construction before the pause.
- FCL's CEO Heather Ryan mentioned that the original cost of the $2-billion project has more than doubled, influencing the decision to halt the projects.
- AGT Foods CEO Murad Al-Katib expressed optimism that Canadian canola can still be used for renewable fuels in the future despite the current pause on the projects.
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Total News Sources0
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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