Imperial Oil, Exxon’s Canadian subsidiary, had initially planned to launch the oil-sands project in 2022, but is delaying development at the northern Alberta site. The company said Friday that any change to the delay—which will last at least a year—will depend on future government action and general market conditions. (Bloomberg)

Talking point: The decision is the latest in a series of blows to Canada’s oil sands, which have yet to recover from record-low prices spurred by increased production and an inability to transport the product to markets. It’s the first in what could be a long line of other delays from oil-sands producers: two Canadian Natural Resources projects—the Primrose expansion and Kirby North project—Cenovus’ Christina Lake expansion and MEG Energy’s Brownfield expansion are all facing potential delays until pipeline capacity is increased out of the region.