Mackenzie pipeline project faces further setback
By Bruce Nichols, Reuters
February 11, 2009
HOUSTON - Regulatory delays have worsened the odds that the $16.2 billion Mackenzie gas pipeline in Canada's far north will ever be built despite a promise of help from Ottawa, TransCanada Corp's chief executive said Wednesday.
TransCanada CEO Hal Kvisle said he is frustrated that the pipeline, which would carry gas to Canadian and U.S. markets from the Mackenzie Delta on the Beaufort Sea, still does not have clearance to go ahead after years of planning and rising costs.