Key facts and findings By the numbers: GHG emissions by livestock Total emissions from global livestock:
Each has integrated operations, from production to refineries, that cushion the blow and therefore want to let the market sort out the oversupply issue. The unusual standoff reflects the dire straits most producers are in.
Pipelines are full and new ones are almost impossible to build thanks to regulatory and political challenges. Storage facilities and rail cars are also at capacity, but the oil keeps on coming.
If sustained, the steep discount will cost government coffers billions while kneecapping the oil sector. Price-Fixing Concern On Oct. The closed-door meeting was chaired by Notley herself and featured top executives from both upstream and integrated oil producers trying to persuade her of their respective positions.
Notley said government action was the focus and discussions continued, those people said. The Suncor Energy Millenium mine. Suncor is opposed to government intervention to oil curb production. They argue the temporary cut would allow a backlog to be processed and potentially trigger a recovery in prices.
Their integrated opponents urged Notley to let the market function and also warned that intervening could jeopardize the new North American trade deal with the U.
A Husky spokeswoman referred to comments made by its chief executive on a recent conference call. MEG confirmed Wednesday it favours such a move; Devon advocated for a voluntary reductions but stopped short of revealing what it said in the meeting.
A spokeswoman for Canadian Natural declined to comment.
Both companies declined to comment. The province elected the left-leaning New Democratic Party in something of a fluke of circumstance inand the notion that oil executives would be pressing a leftist premier to cap their production would have been unheard of only a few years ago.
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