Rising costs, low prices lead consortium to cancel long-delayed plans for Mackenzie gas project

Imperial Oil Ltd. has put the final nail in the coffin of long-delayed plans to build a natural gas pipeline through the Northwest Territories down the Mackenzie Valley.
In a post on its website, the energy giant says the joint-venture partnership created to build the massive project has been dissolved and participants have decided not to proceed with the scheme at this time.
“Since work on the Mackenzie gas project was initiated in 2000, the North American natural gas market has changed s