Imperial Oil's Mackenzie Valley pipeline still on ice
Cost of gas project now expected to be around $20B
CBC News Posted: Dec 19, 2013
Imperial Oil has announced it will not go ahead with the Mackenzie Gas Project, as the market conditions are just not good right now, says a company spokesman.
Imperial Oil had to give its decision on the construction of the pipeline to the National Energy Board by the end of 2013. The company was also required to provide an updated cost estimate.