Seven stories in the news for today, July 26
Seven stories in the news for Wednesday, July 26
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PACIFIC NORTHWEST LNG PROJECT SCRAPPED
Malaysian energy giant Petronas and its partners have pulled the plug on the Pacific NorthWest LNG megaproject, which would have been one of Canada’s largest private infrastructure investments. A Petronas executive says the decision boiled down to simple economics — a world market awash in liquefied natural gas, which has driven down prices, making Pacific NorthWest LNG no longer financially viable.