From the editor: Slow to the party [Gas in Transition]
From the editor: Slow to the party [Gas in Transition]
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Natural Gas News
From the editor: Slow to the party [Gas in Transition]
Summary
Canadian producers have been slow to jump on the M&A bandwagon, and uncertainty is expected to keep them on the sidelines. by: Dale Lunan
In 2023, spurred by improved valuations and weaker commodity prices, global activity in mergers & acquisitions (M&A) exploded to more than $230bn, the highest in a decade and just a couple of billion shy of the all-time record. According to Evaluate Energy, which tracks M&A activity world-wide, the US accounted for the lion’s share – about 90% – of that global spend, or a tick over $192bn. And where did Canada rank in Evaluate Energy’s tabulations...
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Natural Gas & LNG News, World, Premium, Gas In Transition Articles, April 2024, News By Country, Canada
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”