By: Lauren Krugel, THE CANADIAN PRESS CALGARY - Shell Canada abandoned plans Tuesday for a multibillion-dollar refinery expansion near Sarnia, Ont., which would have processed up to 200,000 barrels a day of heavy crude from the company's northern Alberta oilsands operations. The firm, wholly owned by Royal Dutch Shell (NYSE:RDS.A), told its employees to stop pre-development and engineering work on the project that will be shelved indefinitely. "This decision is a very difficult one for Shell and it is only taken after careful consideration," Amrik Ahluwalia, Shell's general manager of manufacturing expansion, said in a statement on the company's website. The announcement came after a comprehensive review, said Shell Canada's Graham Boje, who oversees Shell's refinery expansions. "There are a range of conditions that we assess...
[read full story]