I’ve had the opportunity to discuss the Mackenzie Gas Pipeline with Minister Prentice on a number of occasions, and the federal government does have the responsibility for dealing with the fiscal arrangements to allow the pipeline to go ahead. Certainly he’s assured us that we will be involved and we expect to be involved. The only thing that’s holding us up from getting an equity piece of the pipeline is money. If we get money and recognizing that the Mackenzie Gas Pipeline is a $16.2 billion project, APG, for example, will be getting a 10 percent share of the pipeline. So for us to say...Let’s say we get a 1 percent share of the pipeline. That’s $1.6 billion. So not only do we have to pay on the expenditures side, then we would collect on the revenue side, and that’s where it’s good to have an equity piece. But the main issue is the availability of money.
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
See context to find out what was said next.