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Looming US election spells additional uncertainty for gas industry

The administration of US President Joe Biden is reportedly considering tightening up rules for approving new LNG terminals as the looming presidential election spells uncertainty for natural gas policy. ....

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Canada's Carbon Tax Hike and Strategic Implications for Oil & Gas Firms

Canada’s Carbon Tax Hike and Strategic Implications for Oil & Gas Firms
Feb 12, 2021 7:30:pm
Summary
In line with promises made during his election campaign, the Canadian Liberal government of Justin Trudeau enacted the Greenhouse Gas Pollution Pricing Act in 2018.
by: Nnaziri Ihejirika, OXFORD INSTITUTE FOR ENERGY STUDIES (OIES)
Posted in:
Canada’s Carbon Tax Hike and Strategic Implications for Oil & Gas Firms
This act set a carbon tax that increased from C$20/tCO2e in 2019 to C$50/ tCO2e in 2022 and obliged provinces to either develop similar pricing schemes or follow the federal one. The ante was upped in November 2020, when the government announced that the tax would be hiked by C$15 annually beginning in 2023, reaching C$170/tCO2e in 2030. This move sets Canada on the path towards exceeding its commitment under the Paris Agreement to reduce greenhouse gas emissions by 30% in 2030 compared to 2005. ....

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