09:56 AM EST - Suncor Energy Inc. : said Wednesday it is not proceeding with plans for a multi-billion dollar oil sands processing plant in northern Alberta, a moved it attributed to challenging economic conditions and a commitment to capital discipline. As a result of not proceeding with the Voyageur upgrader project, Suncor expects to incur a charge to its first quarter 2013 net income and cash flow from operations of approximately $140 million and $180 million respectively. Suncor Energy Inc.
shares T.SU are trading unchanged at $30.40.
