NEB rules Imperial Oil to provide updated economics on Mackenzie Valley Pipeline project

I recently posted a link to a notice of motion brought by Alternatives North in connection with the Mackenzie Valley gas pipeline project. Alternatives North has requested that the National Energy Board (NEB) require the proponents of the project to update economic information they had filed in 2007, citing changes in financial circumstances (drop in demand for natural gas, etc.).

The NEB has ruled on the motion in favour of requiring updated information to be filed. Read the decision at:
https://www.neb-one.gc.ca/ll-eng/livelink.exe?func=ll&objId=601020&objAction=browse

Economics behind Mackenzie Valley Pipeline being called into question

The Alternatives North Coalition, a social justice coalition operating in the Northwest Territories (http://www.alternativesnorth.ca/), has written to the National Energy Board to request that it revisit the issue of the economic justification for the proposed Mackenzie Valley pipeline. The proponents of the project filed a market evaluation with the NEB in 2004. ANC questions whether the 2004 figures are still reliable given drops in demand for gas and other considerations.

Read the ANC letter at: https://www.neb-one.gc.ca/ll-eng/livelink.exe?func=ll&objId=593724&objAction=browse