The federal government faced fierce external pressure to abandon or weaken its plan to cap oil and gas sector emissions from provincial governments and industry lobby groups in the lead-up to its announcement last week.
Given that B.C. proposes its own provincial emissions cap for oil and gas, it’s not clear yet what impact the new federal caps will have on B.C.’s LNG and natural gas sector.
Since the beginning of this century, the Canadian dollar has twice outstripped the American greenback in value: In November 2007, when it was worth US$1.07 and again in April 2011, when it was at US$1.06. And it was generally on par with the U.S. dollar through 2012.
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