Yesterday, Mike Eckford of CKNW interviewed David Austin on the state of LNG in BC relative to the low price of oil. David explains that the price of LNG is calculated based on the price of oil at roughly 90%, plus or minus some adjustments. So as the price of oil goes down, so too does the price of LNG. However, says David, LNG is not a short-term investment for the big companies that produce it: Chevron, Shell, Petronas. As the world burns about 93 million barrels of oil every day, no one is giving up on LNG in BC. Listen to Mike and David discuss the hot topic (27:50-35:38).
Related Content
Canadian Securities Administrators Propose New Take-Over Bid Rules
On September 11, 2014, the Canadian Securities Administrators (CSA) announced that they intend to publish for comment a new harmonized regulatory proposal to Multilateral Instrument ... Continued
Tax planning for private corporations and family law
Cathie Brayley, Richard Weiland and Areet Kaila presented recently to advisors, and subsequently to family law lawyers, on tax planning for private corporations. Both presentations ... Continued
When to change your will
Often, after a will has been made, the circumstances that led a person to make their estate plan in a particular way will change, and ... Continued