Canada urged to invest $100 million to support Arctic development

A Canadian federal committee has recommended that the country invest at least $100 million (Can.) in seed money to support resource development in the ArcticThe National Round Table on the Environment and the Economy says the money is needed to improve the regulatory regime, allow aboriginal participation, improve the investment climate, and assess the effect of development on the environment.The funds would be in addition to any financial support that Ottawa might provide for Arctic pipeline development. Aboriginal groups are reported to be negotiating financial support for equity participation of up to one third in a Mackenzie Valley natural gas pipeline. Producer groups in the Mackenzi...

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