Husky Energy Slows Investment in Oil Sands, an Industrial Info News Alert

Market Wire, February, 2009

Researched by Industrial Info Resources (Sugar Land, Texas) -- Husky Energy Incorporated (Calgary, Alberta) (TSX:HSE) has decreased investment in the Alberta oil sands patch from $300 million spent in 2008 to $65 million in 2009, down roughly 78%. Husky is still moving forward with the Sunrise oil sands project, located approximately 60 kilometers northeast of Fort McMurray, Alberta, but the progress will be at a slower pace.

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