Quebec’s Plan Nord Helps Arianne Phosphate

The Financial Post reports that the province of Quebec is taking a $50-million interest in a new subsidiary of Gaz Metro that markets liquefied natural gas. This investment underlines the conviction with which the Liberal government of Premier Philippe Couillard has restarted the Plan Nord, an economic development strategy focused on natural resource extraction north of the 49th parallel. Premier Couillard hopes to woo investors by building transportation and energy infrastructure in the territory. The province is also setting aside $1-billion in a special fund for interests in natural resource companies operating on its territory, and invested $2-million in Arianne Phosphate (TSXV:DAN,FWB,JE9N,OTCBB:DRRSF).

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