Exxon's Gulf Coast Refinery Investments Underpin US Expansion -- RBN Energy -- March 23, 108

Hope springs eternal: Shell "closing in" on final investment decision for a $31 billion-west-Canadian coast (Kitimat, BC) LNG export terminal. Link at Bloomberg. Partnership: China, South Korea, Mitsubishi, and Shell. Potential to ship 25% of what western Canada produces. Trump's tariffs will increase the cost of export terminals along US gulf coast, giving pricing "advantage" to western Canadian projects. Now, if Trudeau can just get the environmentalists to step back a bit.


FWIW: it's being reported that global CO2 emissions rise for the first time in three years. No link. The story is probably everywhere. We'll see the "official" monthly data in a couple of weeks. Whatever. The higher CO2 emissions, apparently, have been associated with some of the coldest winters in modern time. And the world has not come to an end. And the Kennedy clan has seen a lot of snow this winter.

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RBN Energy: Exxon's Gulf Cost refinery investments underpin US expansion.