Forward progress on an Arctic Gas Pipeline. (LINK) This is good news for the engineering firms, construction companies, the producers and all the working folks that actually build the big projects.
If the Mackenzie Pipeline breaks ground before the Alaska gas line it could represent a huge opportunity lost for Alaska.
The announcement is short on details but the timing is great - many projects have been canceled and the cost of commodities like steel is down.
A few more details on the Forbes site (LINK):
CALGARY, Alberta, Jan 19 (Reuters) - Canada has offered financial support for a C$16.2 billion ($13 billion) Arctic gas pipeline, the country's environment minister said on Monday, aiming to revive a struggling proposal to tap vast northern reserves with industry conditions worsening.
The offer to Imperial Oil Ltd and the other backers of the Mackenzie Gas Project would include chipping in money for infrastructure, such as roads and airstrips, as well as pre-construction expenses, Jim Prentice said.