Mr. Speaker, in terms of the decision to suspend the Mackenzie Valley pipeline, I should remind my hon. friend that companies are always looking at the economic environment that they are working in. Time is money. When delays occur, the market will change. If that pipeline had been built back in the late 1970s, it would have been able to withstand low natural gas prices and continue to provide economic benefits for the communities. However, the process itself rendered that project unfeasible.
In the House of Commons on June 12th, 2012. See this statement in context.