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Oil Patch Braces for Exploration Chill After Canada’s Election
Posted by Bloomberg: Josh Wingrove on October 5th, 2015
Bloomberg: As Canada’s oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells.
Two of the three major parties jostling for power in the Oct. 19 vote are campaigning against “fossil fuel subsidies” and propose tightening the rules for a tax deduction that allows oil-and-gas producers to write off exploration costs against profits entirely in the year they’re incurred....
Posted in Water Conservation 
Comments Off on Oil Patch Braces for Exploration Chill After Canada’s ElectionCanada’s Finance Minister: ‘Frustrating’ Keystone Delay Hinders Canada Economy
Posted by Bloomberg: Josh Wingrove on May 14th, 2015
Bloomberg: Delayed approval of TransCanada Corp.’s Keystone XL pipeline is “frustrating” and puts off any economic benefit from the project, according to Canada’s Finance Minister. Speaking today in New York, Joe Oliver praised the trading relationship between the two countries and said “candor is not out of place when we believe matters could be handled a trifle better.” The Finance Minister spoke after the U.S. Ambassador to Canada, who said the relationship between the two countries is about more than...
Posted in Water Conservation Comments Off on Canada’s Finance Minister: ‘Frustrating’ Keystone Delay Hinders Canada Economy