Tuesday, September 1, 2009

More Mackenzie "Positioning"

http://www.upstreamonline.com/live/article187034.ece

Essentially just about how the Mackenzie Valley line proponents would like to see more support from the Canadian government, particularly in the way of negotiating favorable financial terms.

There is a good point, and it's been raised before, in that the US government has provided upwards of $30 billion in loan guarantees to get an Alaska line off the ground, and our own government has so far held back.

Sadly, at this juncture it's likely a prudent thing to do, since we don't know as of yet just what the Joint Review Panel is going to recommend. That report will likely have a big impact on costs, and we probably all need to know where the producers stand before we know how many tax dollars will be required to support the project.

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