SNC-Lavalin Owns All of AltaLink

This Montreal Gazette article reports that Montreal-based engineering giant SNC-Lavalin has just bought the last 23.08% stake it did not already own in AltaLink.

This does not bode well for the prospects of AltaLink seriously considering burying any of its new high voltage power lines planned in Alberta, considering that SNC-Lavalin is in the business of  building above ground towers and lines. If your parent company is pushing you to build overhead lines rather than underground lines, what do you think AltaLink will do?

The battle for Albertans to get high voltage power lines buried whenever they run close to homes, schools, daycares, hospitals and environmentally sensitive areas just got a whole lot harder. RETA is ready for this increased challenge.

For more on SNC-Lavalin, AltaLink, and questionable ties with despotic regimes around the world like the Libyan Gadhafi family, see this link.

~ by RETA on February 14, 2011.

 
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