The week ahead: Leaked energy strategy could fast-track new oil sands pipelines, $36B LNG deal debated in B.C.
Plus: Iran nuclear deal close, and Greece avoids economic collapse, but for how long?
by Elizabeth Hames
Report: Premiers set to fast-track oil sands pipelines
New pipelines in Alberta’s oil sands could get a green light from Canada’s premiers, according to documents obtained by the Globe and Mail. A leaked draft of the premiers’ Canadian Energy Strategy, which is set to be unveiled at the premiers’ conference in St. John’s this week, suggests the premiers are poised to expedite new oil sands pipelines.
$36 billion LNG deal on the table in B.C.
B.C. MLAs will convene at the legislature in Victoria today to debate a $36 billion deal with Malaysian-led consortium Pacific Northwest LNG. The deal could pave the way for a liquefied natural gas plant in the northwestern region of the province.
Greece out of troubled waters — for now
Greece has reached a deal with its international creditors that could rescue Greek banks from the threat of economic collapse and prevent a Greek exit from the euro zone. In exchange for €86 billion, Greece has until Wednesday to pass legislation implementing harsh austerity measures and significant economic reforms.
Iran nuclear deal close
The U.S. and five other world powers are closing in on a deal with Iran that could put limits on Iran’s nuclear program and lift UN sanctions on the country. Such a deal could result in a flood of Iranian oil onto the market, which has already affected the price of oil.