The McKenzie pipeline proposal has become a black hole swallowing up millions of taxpayers dollars not to mention the millions already spent by oil companies and the people of the McKenzie Delta have invested to prepare for the pipeline. A panel of regulators known as the Joint Review Panel has managed to turn a 10 month review into 47 months and counting, current cost $16,000,000.and counting. The Town of Inuvik has recommended the 7 member panel be fired for Gross Incompetence. I cannot help but feel they are right in their anger.
By the time the report is finished it will be irrelevant and not worth the paper it is written on. With the oil price where it is I don’t think any company or bank would be interested in financing it anyway. Oil companies have so far spent $500,000,000 dollars and have nothing to show for it.
The incompetence of regulators and beaurocracy is part of the ruination of our country and must be addressed and dealt with before we can have any hope of this pipeline proposal going forward. The JRP is just one example of this and I’m sure there many more examples that are just as frustrating to the people involved in other projects.
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