Panel approves Mackenzie pipeline project: Calgary Herald
Finally! The JRP has approved the Mackenzie Valley Gas Pipeline project, albeit with a number of recommendations that have yet to be reviewed.
Not a big surprise, and it doesn't mean that the project is a lock, but it was a significant and necessary step in the process. As I said in my last post, the panel cannot be accused of rushing their final report, and thus it might just enjoy more credibility among critics.
So, what now? This spring, the National Energy Board will hold its final round of hearings, with this report as their starting point. These hearings will be relatively brief, and we should have a final report by fall.
The more important developments will likely take place behind closed doors, namely the negotiations between proponents and the federal government to establish a "fiscal framework". Read that as "government support" for the project, but given that our Prime Minister's home riding is in Calgary, it's fair to assume that they will do all they can to accomodate this project.
Time will tell, but this is an important day.
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