CALGARY, Alberta, March 21 (Reuters) – Imperial Oil
does not believe depressed natural gas p rices have closed the
door on the C$16.2 billion ($16.3 billion) Mackenzie gas
pipeline in Canada’s Far North and the company still hopes for a
financial deal with Ottawa to make it viable, its chief
executive said on Wednesday.
However, a surge in costs and a major shift in North
American gas markets during the seven years it took Imperial and
its partners to get approval for the pipeline show the need for
the federal government to reform its regulatory process for
major projects, CEO Bruce March told reporters following a
company-sponsored investor meeting.
CALGARY, Alberta, March 20 (Reuters) – The head of Alberta’s
public pension fund manager is pleased by the rich return it
stands to make on its 17 percent stake in Viterra Inc as a
result of Glencore’s proposed C$6.1 billion ($6.2
billion) takeover of the Canadian grain handler.
That said, Alberta Investment Management Corp, known as
AimCo, did not use its influence as Viterra’s largest
shareholder to trigger the deal, Chief Executive Leo de Bever
said in an interview.