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.”

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