Word: westcoasters
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Dates: during 1954-1954
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...McMahon's Westcoast Transmission Co. Ltd. will build a 670-mile, $120 million pipeline from the Peace River Basin to the U.S. border, sell Pacific 300 million cu. ft. of gas a day at 22? per thousand cu. ft., pipe an additional 50 million cu. ft. a day to Vancouver...
Loser was the Westcoast Transmission Co., Ltd., of Calgary, Ont., headed by Canadian Oilman Frank McMahon. He wanted to bring gas to the Northwest through a 930-mile pipeline from Canada's Peace River section in northern Alberta and British Columbia, where his Pacific Petroleums has sunk millions into a huge, new gas field. Losers also were the Canadian provinces of Alberta and British Colum bia, which had hoped for big, new indus trial developments along the gas line. Cried one provincial cabinet minister: "This is disastrous...
...supply Canada for the next 50 years, decided that Alberta gas should first be piped to eastern Canadian markets. Not until the big Peace River Field was proved did Canada decide that it had more than enough for its own needs, and give an export permit to Westcoast. By then. Pacific Northwest was well along with its plans for an all-U.S. pipeline...