Shell wants out of Mackenzie pipeline project
Jul 15, 2011
Shell Canada is planning to pull out of the Mackenzie Valley pipeline project and sell its assets in the region.
The company is trying to sell its share in the $16.2 billion natural gas project in the Northwest Territories, according to company documents obtained by CBC News.
Shell is part of a corporate consortium, led by Imperial Oil, that is backing the proposed pipeline. Other members of the consortium are Exxon Mobil Corp., ConocoPhillips, and the Aboriginal Pipeline Group.