Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Alaska Natural Gas Pipeline -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (96)	10/6/2005 6:00:26 PM
From: Dennis Roth	Respond to of 570

Mackenzie pipeline still on hold By DAVE EBNER Thursday, October 6, 2005 Posted at 4:39 PM EDT Globe and Mail Update theglobeandmail.com The proposed $7-billion Mackenzie Valley pipeline doesn't yet make economic sense to bring to development, said Imperial Oil Ltd. chief executive officer Tim Hearn. Mr. Hearn, speaking to reporters after a speech to the Calgary Chamber of Commerce, said Imperial won't proceed with the Northwest Territories project unless Ottawa agrees to amendments to the fiscal arrangements that would apply to the project. However, he said Imperial was not asking for handouts. Imperial has been pressing Ottawa for more financial incentives, even after the government said in the summer it is willing to pony up $500-million to get the stalled project moving. Imperial, majority owned by the world's biggest public oil company, Exxon Mobil Corp. of Irving, Tex., wants breaks on matters such as royalty payments. In April, Imperial halted most work on the pipeline, in part blaming what it called unreasonable demands from northerners for access to their land.