Mackenzie pipeline backers seek more time - CBC North
At the NEB Hearings today, proponents of the Mackenzie Valley Pipeline (henceforth to be abbreviated here as the MVP) asked the board to extend its proposed "sunset" date three years, to 2016. Opponents, predictably, want no such extension.
There are a number of reasons why the proponents would seek this extension. First off, current gas prices don't support this project, plain and simple. The MVP backers are hoping to see a stronger gas market before committing to construction. Second, they have not yet worked out the whole "fiscal framework" thing with the feds...
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