National Post
The Canadian business press has been buzzing over this today, though at this point it's hard to say how substantial this rumor really is.
Here's the upshot: federal Environment Minister Jim Prentice's department has been quietly working out a deal with the stakeholders in the Mackenzie Valley Gasline project, and they had all reached a rough agreement. But when Prentice presented a package to Cabinet, it was flatly turned down as being too costly.
We don't know what sources spoke to the National Post, or how definitive that refusal may have been. Prentice isn't talking, and spokesmen for both Imperial Oil and the Aboriginal Pipeline Group claim nothing has changed.
The question here is, if this item is true, and this indeed kills off the current incarnation of the Mackenzie Gasline project, what's the fallout?
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