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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Canada environment minister warns oil and gas companies aga
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Post by Carjack on Nov 27, 2024 10:49pm

Canada environment minister warns oil and gas companies aga

Canada's environment minister warned on Wednesday that oil and gas companies would be breaking federal laws if they withheld emissions data, after Alberta's premier said the province was considering measures to block a proposed emissions cap.

Alberta premier Danielle Smith on Tuesday said her government intends to put forward a motion in the provincial legislature that would allow it to launch a legal challenge to Ottawa's proposed oil and gas emissions cap.

Canada's main oil and gas province is also considering looking at other steps to undermine the cap if it becomes law, such as restricting entry into oil and gas facilities in Alberta and access to emissions data.

"If companies stop reporting to the federal government they would be in violation of federal laws, something I certainly wouldn't advise to any large companies," federal environment minister Steven Guilbeault told reporters in Ottawa.

The latest spat between Smith's conservative government in Alberta and Prime Minister Justin Trudeau's Liberals highlights the province's staunch opposition to a policy aimed at cutting emissions from Canada's highest-polluting industry.

It also shows how even if Trudeau's government manages to win a federal election next year, the oil and gas emissions cap will face further

Comment by Pandora on Nov 28, 2024 1:34am
The Next Four Years Will Be All About Natural Gas Last week, Morgan Stanley predicted that the U.S. natural gas market is poised to enter a new cycle of demand growth thanks to surging LNG exports and rising electricity demand. https://oilprice.com/Energy/Natural-Gas/The-Next-Four-Years-Will-Be-All-About-Natural-Gas.html GLTA ARX BULLS
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