The Canadian Association of Petroleum Producers (CAPP) is asking the Harper government to consider reclassifying liquid natural gas (LNG) terminals as ‘manufacturing assets’ to provide tax breaks to companies struggling to develop costly facilities in the current oil market.
The oil and gas industry requested similar measures for both previous federal budgets but has so far been unsuccessful. The upcoming budget, however, is under the control of finance minister Joe Oliver, know for his strong support of the oil and gas sector during his time as the former minister of Natural Resources Canada.
In a budget submission to (Read more…)