Yes, liquid calcium chloride is used to suppress dust, or some version of it. Some products are modified or have corrosion inhibitors in them.
What Lubicon is referring to is an oil product similar to what is used in asphalt which is specifically designed to bind with the aggregate in the road and then set to a hardened state. So you don't get the leaching or tracking you would with motor oil which isn't really designed for that purpose.
It can still be a thing but needs to follow strict guidelines, most places won't let you do it even though the province does have guidelines which allow it
https://open.alberta.ca/dataset/4444...s-may-2012.pdf