ALASKA GAS
June 1st, 2002
BY MONICA DOBIE
CANADIAN oil companies have criticised a recently passed bill in the US Senate that would set a floor price for Alaska gas, which could spark a trade dispute between Canada and America. Ron Brenneman, CEO of Petro Canada said: "... that represents a form of subsidy for gas from one particular source in north America. We would have gas effectively coming into a deregulated market - that we all compete in - which might actually be subsidised by the US federal government."
CANADIAN oil companies have criticised a recently passed bill in the US Senate that would set a floor price for Alaska gas, which could spark a trade dispute between Canada and America. Ron Brenneman, CEO of Petro Canada said: "... that represents a form of subsidy for gas from one particular source in north America. We would have gas effectively coming into a deregulated market - that we all compete in - which might actually be subsidised by the US federal government."
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