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Energy Summary for Feb. 13, 2020

2020-02-13 19:50 ET - Market Summary

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by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery added 25 cents to $51.42 on the New York Merc, while Brent for April added 55 cents to $56.34 (all figures in this para U.S.). Western Canadian Select traded at a discount of $17.15 to WTI, unchanged. Natural gas for March lost one cent to $1.83. The TSX energy index lost a fraction to close at 130.73.

Ottawa will fundamentally fail in its constitutional duty to protect Canadians from climate change if it continues to back the Coastal GasLink pipeline, claims a new federal lawsuit filed by people who very much do not like the Coastal GasLink pipeline. Such people are in the minority, as the pipeline has received broad support, including from 20 out of 20 elected band councils along its Northern B.C. route. This has not stopped a handful of non-elected chiefs from the Wet'suwet'en band from pontificating about their perceived rights violations and stirring up illegal protests. Now two of the chiefs, Warner Naziel and Alphonse Gagnon, are suing Ottawa in federal court.

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