Canada’s Big 5 financial institutions are banking on best in the world energy production.

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his is a news compilation setting the record straight on the day’s top anti-oil and gas stories and providing research and facts to counter misinformation about the oil and gas industry.

News Headline:

“Big five” Canadian banks provide big money to fossil fuel industry

The Facts:

Canada’s Big 5 financial institutions are banking on best in the world energy production.


Here is a story that gets it right.

Opinion: Anyone saying there’s no money in selling gas to Asia, hasn’t run the (honest) numbers

 Looking at the numbers, Natural Gas sells at a massive premium in Asian markets. Canada has an advantage in being closer to the market than competitors like Australia or Qatar. However, one major burden to Canada is the lack of LNG plants up and running. Once they are up and running, it will be significantly cheaper for Canada to ship gas overseas.


 

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