LNG Canada CEO wary of delays on $18-billion Kitimat, B.C. energy project Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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An $18-billion energy project is one-third of the way toward completion in British Columbia, but the consortium’s chief executive officer is wary of the impact of construction delays.
Peter Zebedee said LNG Canada expects to be on budget with building the terminal for exporting liquefied natural gas from Kitimat, B.C.
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iPolitics By iPolitics. Published on Mar 1, 2021 12:50pm An oil terminal in North York, Ont. (Rene Johnston/Toronto Star)
The Lead
A Reuters survey has found that the Organization of the Petroleum Exporting Countries’s (OPEC) oil output fell to 24.89 million barrels per day (bdp) in February. This value was down 870,000 bpd from January, reflecting the first monthly decline since June 2020.
“So far, the members of the alliance have been cooperating and implementing the cuts in exemplary fashion,” said analyst Eugen Weinberg at Commerzbank. “We believe that the high prices will prompt OPEC+ to step up its production by 500,000 barrels per day, while at the same time withdrawing Saudi Arabia’s additional production cut.”
February 28, 2021 | Carbon Trading: Opportunity and Obstacles
Stewart Muir Stewart Muir is founder and executive director of the Resource Works Society, a Vancouver-based group open to participation by British Columbians from all walks of life who are concerned about their future economic opportunities. He is an author, journalist and historian with experience on three continents including a financial editor of The Vancouver Sun responsible for mining and markets coverage. Since Resource Works was established in 2014, the group has gained international recognition for its practical approach to the public challenges of responsible natural resource development and use.
With its energy exports to Asia reducing world-wide emissions, Canada could benefit from an international carbon credit trading agreement. But flawed carbon accounting and insufficient liquidity in the international market stand in the way.