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News Topics
Pipeline doubts grow
A subsidiary of Exxon says the Mackenzie Valley gas pipeline has not been killed again, but a Canadian newspaper says officials in Ottawa are giving it the cold shoulder.
“Sources report that Ottawa has decided not to proceed with federal investment in the $16.2 billion Mackenzie Valley natural gas pipeline, throwing the future of Canada’s largest construction proposal into doubt,” the National Post reported Tuesday.
The gist of the report is that Canada’s environment minister proposed a package of financial incentives for the project and was turned down by the cabinet because of worries about the cost of the project.
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