Excellent well-researched message Scott, thank you.

"on Page 33: "While work will continue on Phase II [Long Lake] , we will wait to sanction it until at least 2010. By then we should have greater clarity on a number of fronts: Phase 1 performance, the economic environment and proposed climate change regulations.""

I don't understand what "sanction" means in this context. Does that mean they will build it but not actually start it up until 2010? It sounds like a slightly similar situation to Algar,