Dow Delays $9-B petrochemical project
This is a Fort Saskatchewan news story, published by calgaryherald, that relates primarily to Jim Fitterling news.
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petrochemical sectorcalgaryherald
•Business
Business & Economics
Varcoe: Alberta suffers collateral damage from tariff 'blast radius,' with delay of Dow's megaproject
70% Informative
Dow Inc. delays $9-billion petrochemical project under construction in Fort Saskatchewan .
Dow CEO Jim Fitterling cites volatile macroeconomic conditions’ affecting global demand for petrochemicals.
The move will see Dow scale back capital spending by US$1 billion to $2.5 billion this year .
The announcement comes as businesses across the country — and the world — are examining investment plans.
Canada ’s economy is projected to grow by 1.4 per cent this year .
Despite an initial U.S. threat of a 10 per cent tariff being imposed on Canadian energy.
Almost all Alberta oil and natural gas exports have avoided the levy, so far.
The idea of using “weaponized uncertainty” to drive jobs and investment into the U.K. has been discussed before.
VR Score
75
Informative language
73
Neutral language
65
Article tone
semi-formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
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Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
External references
7
Source diversity
5