News Snapshot:
RBC Capital Markets head of global energy research Greg Pardy’s most recent report notes that oil sands producers, with stock prices previously held back by greenhouse gas (GHG) emissions concerns and a lack of pipeline capacity, are seeing positive news on both fronts. He estimates significant upside ahead for select stocks. The Pathways Alliance is a joint venture of domestic oil producers to organize and finance the reduction of GHG emissions. Oil sands operations produce GHG at roughly double the pace of global major oil producers and the Pathways Alliance has earmarked $24-billion to cut these emissions by a third...