Peter Tertzakian of ARC weighs in on Keystone

Full story on the Keystone Cops politics around the Keystone HL here from the Globe and Mail.

Peter Tertzakian, an economist and managing director at ARC Financial Corp., warns that without a quick decision on Keystone XL, investors may sour on the oil sands.

“A prolonged ‘maybe’ is the worst possible outcome . Just give us a ‘Yes’ or a ‘No.’ A prolonged ‘Maybe’ at a time when the energy industry is changing rapidly is just not acceptable,” he said. “What incentive is there for companies and investors to invest billions of dollars for the long term when the best you can expect is a ‘Maybe’ after seven years. It’s ridiculous.”


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s