Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, July 16, 2011

Shell wants out of Mackenzie pipeline project

Shell Canada is planning to pull out of the Mackenzie Valley pipeline project and sell its assets in the region.

The company is trying to sell its share in the $16.2-billion natural gas project in the Northwest Territories, according to company documents obtained by CBC News.

Shell is part of a corporate consortium, led by Imperial Oil, that is backing the proposed pipeline. Other members of the consortium are Exxon Mobil Corp., ConocoPhillips, and the Aboriginal Pipeline Group.

Fred Carmichael, chairman of the Aboriginal Pipeline Group, estimated that Shell has an 11 per cent share in the project.

"They are actively now looking for buyers, and we're not really that concerned," Carmichael told CBC News.

"We're sure that there's … a lot of companies out there that would love to step up to the plate and take over."

The Aboriginal Pipeline Group, which represents three of the four aboriginal groups along the proposed pipeline route, has a one-third share in the project.

Full Article
Source: CBC news 
Topics: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)