Stories we’re watching: How do Albertans rank their happiness?
Plus: Petronas gets behind B.C. LNG, a tepid IEA forecast, and an oil-by-rail boom?
by Elizabeth Hames
“Pretty happy” people
Albertans are, for the most part, pretty happy. A new survey by ATB found that 67 per cent of respondents considered themselves to be “pretty happy.” However, just 14 per cent declared that they were “very happy,” a low number compared to U.S. data, which suggests a full third of Americans say they are “very happy.” The study was conducted in February, which ATB says may have something to do with the comparatively low happiness ratings.
Petronas moves forward with B.C. LNG project
A consortium led by Malaysia-owned Petronas has given conditional approval for a controversial multi-billion-dollar LNG terminal in northern B.C. The consortium, Pacific Northwest LNG, says it will go ahead with the project if it gets a green light from the provincial government and receives a positive environmental assessment.
Experts are predicting an oil-by-rail boom over the next eight years. Oil-by-rail shipments could soon triple in Western Canada, and double in the eastern part of the country, according a new report by the Canada Energy Research Initiative.
IEA raises forecast for oil demand growth
The global demand for oil will rise more than expected, according to a report by the International Energy Agency. However, global supply still far outpaces demand.