Topic: Canadian National Energy Board
Petronas, Malaysia's state-owned energy giant, announced Sunday it will invest $35 billion in the Canadian liquefied natural gas industry. British Columbia's government hopes to use the revenue generated by projects like this to pay down the province’s debt and to establish a prosperity fund to bank energy-related revenue.
The Keystone XL pipeline, held up by reviews for four years, is getting a legislative push from members of the US House of Representatives, Graeber writes. The Northern Route Approval Act would strip the president of his authority to approve the Keystone XL pipeline.
Politicians paint a rosy picture of lower gas prices and abundant supply, but Canadian firms behind the Keystone pipeline expect it to supply Gulf Coast export markets and raise Midwest oil prices.