Environment

Update: Mackenzie Valley pipeline project

by Jessica Tucker | January 2, 2010 at 07:47 am

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After the release of the "long-awaited report" analyzing the feasibility of the proposed Mackenzie Valley pipeline project set to run from Canada's Arctic to the border of Alberta, the future of the project is still unknown until the federal government agrees to chip in with funding, according to the Edmonton Sun on Saturday morning.

The...

...report on the Mackenzie natural gas pipeline says the multibillion-dollar project could benefit Canada's North economically, especially during the construction phase of the 1,200-km pipeline... The project's corporate backers, including Imperial Oil, Shell Canada and Exxon Mobil, are still negotiating with Ottawa over a financial assistance package for the $16-billion pipeline... The Mackenzie project will continue its way through the federal regulatory process at least until September this year, at which time the National Energy Board expects to deliver its recommendation to the federal government.

While work crews in Canada's north sit idle in hopes of a soon decision, many have had no choice but to move on to others areas of Canada and North America in search of work, seeing as, in the four years it took to complete the report new deposits of resources have been discovered all over the continent.

Instead, it is the the many in disagreement with the multibillion dollar project that are most likely feeling twangs of happiness over these recent developments. Only time now, will tell...