There’s growing speculation that the decision to “postpone” work on the giant Bay du Nord oil and gas project off the Newfoundland and Labrador coast is actually a cancellation moving in slow motion.
Norwegian state fossil Equinor announced Wednesday that it was suspending plans to develop the C$16-billion Bay du Nord megaproject in the province’s offshore for up to three years.
The Trans Mountain pipeline received additional support from the Canadian government after the cost to expand the controversial Alberta-to-British Columbia oil conduit jumped 44 per cent in March.
To fight 21st-century inequality, Canada needs 21st-century taxes that force billionaires and corporations to pay their fair share
Ward McAllister, a wealthy New Yorker, recently threatened that if the U.S. Congress were to move ahead with its plans to levy a high income tax, the plan would backfire because it would simply drive “rich men to go abroad.”
In 2018, Husky Energy asked Stephen Mason, who has years of experience developing oil and gas projects on the African continent, to get First Nations together to put in a bid to buy the Trans Mountain Expansion (TMX) Pipeline. Husky, which has since been bought by Cenovus, had already booked space on the yet-to-be-built pipeline to get its oil from Alberta to the Pacific coast, where it could sell at higher prices.
