Differential between Canada and the US oil prices
“In my 36 years in this [petroleum] business, I have never seen such a wide differential in sentiment between Canada and the US. I’ve never seen more frustration among our customers and our competitors and in our peer-group companies than right now.”
Kevin Neveu, chief executive officer of the oilfield-service company Precision Drilling Corp.
“The assumption that current and future climate conditions will resemble the recent past is no longer valid…With continued growth in [greenhouse gas] emissions at historic rates, annual losses in some economic sectors are projected to reach hundreds of billions of dollars by the end of the century – more than the current gross domestic product (GDP) of many US states,”
The Fourth National Climate Assessment Volume II, compiled through combined efforts of 13 US government agencies