Champ, you've not read it carefully enough. Yes it is PWC which is one of the biggest players in Energy in Canada. Massive tick. But the really pleasantly surprising part of the announcement is the terms of their engagement.
"The terms of engagement with PwC CF will comprise a success-fee based structure with market rates of remuneration paid on the value of funds raised and/or transactions secured"
I have confirmed with the company that PwC have agreed to engagement terms such that they only get paid, if they deliver a successful transaction consistent with the terms of the brief!!! This is apparently quite rare in such circumstances and can only reflect their enthusiasm on our portfolio of projects and their confidence that they will be able to deliver a deal for us! This coming from one of the most experienced energy corporation transaction teams in North America!!!
I'd say today is a massive step forward on engaging a partner that will allow us to develop $4Billion CAD worth of CC-CCS projects.
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