Wall Street favor shifting from U.S. shale to Canadian oil sands By Robert Tuttle and Michael Bellusci on 12/14/2020
CALGARY (Bloomberg) After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020âs historic market crash with a slew of upbeat outlooks from Wall Street equity analysts.
Morgan Stanley and Goldman Sachs Group Inc. are the latest firms to point out the industryâs ability to generate healthy cash flow next year as a reason to buy stocks like Suncor Energy Inc., Canadian Natural Resources Ltd. and MEG Energy Corp. That follows similar reports from BofA Securities and BMO Capital Markets.
Canadian Financial Close: Loonie pulls back from 30-month highs
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The Drilldown: EU leaders commit to new GHG reduction targets during all-nighter
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iPolitics By Felixe Denson. Published on Dec 10, 2020 12:45pm Environment and Climate Change Minister Jonathan Wilkinson (Photo courtesy of the office of the minister of Fisheries, Oceans and the Canadian Coast Guard)
The Lead
The Clean Fuel Standard (CFS) will be revealed by the federal government and published in the Canada Gazette by the end of the year, Moira Kelly, spokesperson for Environment and Climate Change Minister Jonathan Wilkinson, confirmed yesterday.
“The Clean Fuel Standard remains an integral policy in Canada’s climate plan, and will contribute to the government’s goal of exceeding its current 2030 target,” Kelly told the Financial Post in an email.
The Drilldown: Canada s Clean Fuel Standard anticipated by end of 2020
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