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Canadian Natural Resources Ltd
Symbol CNQ
Shares Issued 1,184,355,541
Close 2019-11-05 C$ 34.85
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FP says Husky, rivals hear Hudson's Bay pipeline idea

2019-11-06 09:37 ET - In the News

See In the News (C-HSE) Husky Energy Inc

The Financial Post reports in its Wednesday edition that the future of Alberta's oil and gas resources has never looked grimmer. The Post's Terence Corcoran writes that to get oil to the East and other parts of the world veteran Canadian energy transport expert Michael Bell has a plan. In the last year, Mr. Bell has outlined a proposal that would liberate Alberta and Saskatchewan from the constitutional clutches of Quebec and British Columbia. He says, "Canada could economically and safely ship oil from Alberta by pipeline to Hudson Bay, where it would be picked up by tanker for transport over the top of Quebec and Newfoundland and delivered to the East Coast -- and ultimately the rest of the world." Mr. Bell maintains that such an operation would be "environmentally sound and cost-effective." Mr. Bell is a Canadian Arctic shipping pioneer. Transporting oil by tankers is less expensive than pipelines. Oil could move year-round to Atlantic Canada, Quebec and world markets through a pipeline-to-tanker operation that loaded from a facility on the West Coast of Hudson Bay.

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