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CALGARY - Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources in a US$59.5 billion mega-deal is being seen by some as a major vote of confidence in fossil fuels that
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Observers have framed the deal as Exxon doubling down on fossil fuels at a time when the world is seeking to transition to lower-carbon energy sources
While Canada will soon be an LNG exporter, a new IEA report says global gas demand is set to slow — but LNG fortunes will keep rising.
Exxon Mobil Corp.'s acquisition of Pioneer Natural Resources in a US$59.5 billion mega-deal is being seen by some as a major vote of confidence in fossil fuels that also bodes well for the Canadian oilpatch.
While Canada will soon be an LNG exporter, a new IEA report says global gas demand is set to slow — but LNG fortunes will keep rising.