ConocoPhillips (COP -1.1%) suspends funding for the proposed $16.3B Mackenzie pipeline project...


ConocoPhillips (COP -1.1%) suspends funding for the proposed $16.3B Mackenzie pipeline project to bring natural gas from northern Canada to U.S. markets, citing low prices for the fuel. Partners Imperial Oil (IMO -1.7%), Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A) are reducing spending on the project to unspecified levels.

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