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Keystone XL, owned by TC Energy Corp, is already under construction in Canada, and would carry 830,000 barrels per day of Alberta oil sands crude to Nebraska. Biden revokes KXL permit in blow to ...
President Biden’s 2024 budget released Thursday includes yet another broadside from the White House against oil companies Biden's budget cuts $31B in tax breaks for oil companies [Video] Skip to ...
President Biden has said he’d work to tax excess oil profits if companies don’t invest in new production, while diesel supplies are also low and OPEC predicts a long future for oil. This is ...
The Biden administration has delivered a tax plan to Congress that aims to start winding back fossil fuel subsidies by replacing the subsidies with incentives to start producing green energy. [16] It was estimated that ending tax subsidies for those companies could save the American taxpayer $121 billion over the course of the next decade. [353]
President Joe Biden threatened to impose a windfall profits tax on the nation's biggest oil and gas companies as a way to lower prices at the pump, but it's uncertain when or even if such a move ...
While Edmonton (population 972,223 thousand in 2019 [20]) is the provincial capital and is considered the pipeline, manufacturing, chemical processing, research and refining centre of the Canadian oil industry, its rival city Calgary (population 1.26 million [20]) is the main oil company head office and financial centre, with more than 960 ...
Michael Binnion also wrote a column in the Toronto Sun ahead of the conversation between President Joe Biden and Prime Minister Justin Trudeau, following the President's inauguration and cancellation of the Keystone XL pipeline, promoting the steps the Canadian Oil and Gas Industry has committed to, and create a conversation around Canada's ...
The Energy Select Sector SPDR Fund (XLE), which tracks the performance of the largest oil and gas companies, is up more than 100% since Biden’s inauguration. The cash-rich industry has not shied ...