Canadian Natural Resources reports $5.3B Q4 profit, raises quarterly dividend

Canadian Natural Resources Ltd., at the company's annual meeting in Calgary, Thursday, May 3, 2012.THE CANADIAN PRESS/Jeff McIntosh

CALGARY - Canadian Natural Resources Ltd. is deferring an oilsands mine expansion as it waits for Ottawa to finalize environmental policies.聽

The Calgary-based oil and gas giant had been planning to spend about $150 million this year on early engineering and design work for its $8.25-billion Jackpine mine expansion north of Fort McMurray, Alta., president Scott Stauth said Thursday.聽

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