Ottawa gave Imperial Oil Ltd. the go-ahead to start work on its Kearl oilsands mine yesterday, meaning the controversial $8-billion project will remain on track. After months of legal wrangling in federal court, the Department of Fisheries and Oceans re-instated a key authorization for the site that it had revoked in March. The decision was based on an updated report from a joint federal-provincial panel handed down on May 6 that explained why it was not concerned about Kearl's environmental impact. IMO (TSX) rose $1.29 to $60.93.
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