"Canada Panel Backs Arctic Pipeline Conditionally"

"CALGARY, Alberta  -- The C$16.2 billion ($15.4 billion) Mackenzie pipeline in Canada's Arctic should be allowed to proceed, provided 176 recommendations aimed at securing socioeconomic benefits and minimizing environmental damage are followed, regulators ruled on Wednesday.

In a much-anticipated report, the Joint Review Panel said it believed the huge gas project would bring overall benefits to Canada's Northwest Territories and avoid major ecological impact if the oil companies proposing the line and governments follow its list of measures."

Jeffrey Jones reports for Reuters December 30, 2009.

Thursday, December 31, 2009