Sunday, November 7, 2010

Prentice Leaves Politics

CBC News - North - Baird takes over Mackenzie pipeline file

This was a surprising development: Canadian Environment minister Jim Prentice suddenly announced his retirement from politics, taking a senior executive position with the Canadian Imperial Bank of Commerce. With this departure, the MVP file is being handed to John Baird.

This CBC piece includes some quotes from analyst Ian Doig suggesting that Prentice may have left over frustrations with the MVP, though I have to say that seems unlikely. There has been considerable speculation on exactly why Prentice chose to leave now (not to mention some raised eyebrows over his moving immediately into a powerful position with one of Canada's largest banks), and there could be any number of reasons why he chose to go now.

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