Page 1 - NorthAmOil Annual Review 2021
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Annual Review 2021
ate sealed
F
US President Joe Biden revoked the cross-border permit for the Keystone XL
oil pipeline immediately upon taking office, effectively killing the project.
Carbon tax
The Supreme Court of Canada upheld a nationwide federal carbon tax in
March in the face of legal challenges.
M&A rush
The wave of shale mergers and acquisitions continued in 2021, both in the
prolific Permian Basin and in other US shale regions.
LNG dominance
The US is on course to have the world’s largest LNG export capacity by the
end of 2022 following the start-up of Calcasieu Pass and Sabine Pass Train 6.
