Exxon exec: High prices cast doubt on Canada-Alaska pipeline project

05/31/2007 | Canada.com

Exxon Mobile Corp. CEO Rex Tillerson said Wednesday escalating costs cast doubt on the viability of the Mackenzie pipeline project, which would build pipelines in Canada and Alaska. Tillerson said that with soaring prices on steel and other raw materials used to build pipelines, the project would not be economically feasible.

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