• U.S.

Canada: EXTERNAL AFFAIRS: Canol on the Block

1 minute read
TIME

Two Governments last week put up for sale one of the costliest flops of the war: the $135,000,000 Canol oil project of the U.S. in northern Canada.

The U.S. has no peacetime use for the 600-mile pipeline from oilfields at Norman Wells, N.W.T. across the Mackenzie Mountains to a refinery at Whitehorse, Yukon. Neither has Canada. So Canada agreed to let the U.S. sell its plant and pipeline to private buyers—if it could find any. In two years’ time, if there are no takers, the plant and equipment will be abandoned.

More Must-Reads from TIME

Contact us at letters@time.com