20-12-2022 14:57 via calgary.ctvnews.ca

Imperial Oil plans $1.7B in capital spending in 2023

Imperial Oil Ltd. is planning $1.7 billion in capital spending for next year.  The company says the plan includes a ramp-up for its Strathcona renewable diesel project, application of solvent technologies at Cold Lake and ongoing investment on an in-pit tailings project at its Kearl oilsands facility.  Brad Corson, Imperial's chairman, president and chief executive, says the plans reflect the company’s pursuit of attractive opportunities to reduce emissions, increase production a
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