Christopher E. Smith
Pipeline Editor
CALGARY, Sept. 27 -- Speaking at the International Pipeline Conference & Exposition in Calgary, Kathy Sendall, Petro-Canada senior vice-president, North American natural gas, and chair of the Canadian Association of Petroleum Producers, implored the Canadian government to not "do anything stupid" regarding terms of investment in projects in the country.
Sendall said Canada's transparent and stable investment climate acted as a balance to the relatively high production costs in the region and that any adjustments to terms of investments should only be undertaken with the utmost caution, lest this balance be upset.
Sendall also said continued progress needs to be made to keep Canada's regulatory process untangled, making particular note of the manifold jurisdictions currently required to weigh in on any pipeline project before actual work can begin.
Even so, Sendall cited the combination of Canada's resource base, innovative technology, competitive global position, and environmental stewardship as key factors that will allow the country to succeed as it sets a course toward becoming an "energy superpower." She also said "pipeliners should be salivating" at the prospect of bringing Canada's hydrocarbon resources to market.
Contact Christopher E. Smith at [email protected].
