Decreased spending in Canada’s oil and gas industry could potentially lead to 185k job losses

In 2014, the oil and gas industry spent more than $125 billion on exploration, development and production activities in Canada, supporting more than 720,000 direct and indirect jobs. With an anticipated $31 billion reduction in capital and operational expenditures in 2015, the Canadian economy could lose as many as 185,000 direct and indirect jobs related […]

Pacific NorthWest LNG & Progress Energy Canada Ltd. welcome National Energy Board decision on North Montney Mainline Project

Michael Culbert, president & CEO of Progress Energy Canada Ltd. and Pacific NorthWest LNG, today welcomed the announcement by the National Energy Board (NEB) recommending approval of the North Montney Mainline Project to the federal government and approving rolled in tolls for the initial phase of the project; satisfying a key deliverable required for a […]

Commitment to finalize LNG income tax framework fulfilled

  The administration and enforcement component of the Liquefied Natural Gas Income Tax Act provides proponents with clarity and British Columbians with confidence, announced Minister of Finance Michael de Jong on March 25, 2015. The introduction of Bill 26, the Liquefied Natural Gas Income Tax Amendment Act 2015, fulfils the government’s commitment to set out […]