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Oil Patch Braces for Exploration Chill After Canada's Election
2015-10-05 15:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: As Canadas oil patch grapples with a price shock, pipeline delays and rising tax rates, the federal election could add another barrier to recovery by reining in a key incentive for development of new wells. Two of the three major parties jostling for power in the Oct. 19 vote are campaigning against fossil fuel subsidies and propose tightening the rules for a tax deduction that allows oil-and-gas producers to write off exploration costs against profits entirely in the year theyre incurred....
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