Bob McLeod on Question 213-16(3): Equity Position In Mackenzie Gas Project

In the Legislative Assembly on February 26th, 2009. See this statement in context.

Question 213-16(3): Equity Position In Mackenzie Gas Project
Oral Questions

February 25th, 2009

Bob McLeod Yellowknife South

We have provided qualified support to the pipeline and we have always said

that we support it subject to regulatory approval. I’m not sure where the Member is getting the figure of $50 million from, but certainly our government has been investing approximately a couple million or $1.5 million to prepare for the pipeline. We see the Mackenzie Gas Pipeline as a basin opening project for the Northwest Territories. Once oil and gas companies can see that they explore and discover oil and gas and they can export it to get immediate returns, you’ll see a dramatic increase in exploration.

Alberta, for example, drills about 27,000 wells a year. This year in the Northwest Territories we’re drilling two wells. And it stops at the border. The only reason it stops at the border is there’s no transmission facility for oil and gas to be exported out of the Northwest Territories.

See context to find out what was said next.

Bob McLeod on Question 213-16(3): Equity Position In Mackenzie Gas Project

Help us improve OpenNWT