You may have read in today’s news that the Sullivan hearing process has been put on hold. Late yesterday the Energy Resources Conservation Board (ERCB) announced that it is engaging an independent third party to assist in the investigation of an ERCB employee involved in the hearing. According to the ERCB, the purpose of these steps is to ensure that the integrity of the ERCB process is upheld. Obviously, Petro-Canada is concerned about this latest development. Yesterday’s announcement has spawned today's rumour and speculation -- a mix that has alot of people asking questions. Questions are good... but let me say that perception is not the most accurate form of reality.
Our interest, like those of the other hearing participants, is to ensure the fairness of the process; specifically, one that is open and transparent. Petro-Canada supports all of its employees involved on this Project and is satisfied that they have conducted themselves with the utmost integrity.
Under the circumstances it’s important that we continue to be patient. As we await the results of the Board’s investigation into its internal practices, we believe the results will demonstrate that the process has not been jeopardized in any way.
Until then all we can do is hurry up and wait. We need to let the investigation process run its course.
