NEWS BULLETIN
| January 13, 2021 --- Vol. 27, No.02 | January 2021
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State's North Slope sales draw $7 million in bids
Petro-Canada chief executive officer Ron Brenneman says a standalone Mackenzie Valley gas pipeline is viable, with or without Alaska gas, and despite what he views as U.S. Senate moves to subsidize an Alaska Highway route.
He predicted gas will start moving out of the Mackenzie Delta in the next 10 years.
Speaking after the Petro-Canada annual meeting on April 30, Brenneman said he is “very disappointed” that Senate legislation is proposing loan guarantees and tax credits for the highway project.
Natural Resources Minister Herb Dhaliwal also joined the chorus of opposition from Canada to the Senate bill. He hopes the legislation will be changed in conference with a parallel bill from the House of Representatives before it goes to President George W. Bush.
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