Investment in Canada’s oil and gas sector has declined by 35 per cent.
Last year, more than 20 per cent of the country’s exports came from energy.
The Trudeau government’s national carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.
Global oil demand is expected to be around 90.8 million barrels a day in 2020.
Canada’s energy sector employed (directly and indirectly) more than 830,000 workers.
Canada’s energy sector employed (directly and indirectly) and supported more than 830,000 jobs.
Saskatchewan tops in the eyes of oil and gas investors, but there’s considerable room for improvement
Investors pointed to regulatory duplication and inconsistencies, which deterred 48 per cent of survey respondents.
The AER should initiate a regular and ongoing process of eliminating non-functional regulations.
Eighty per cent of respondents indicated that uncertainty around environmental regulations in Alberta was a deterrent to investment compared to only 9 per cent for Texas.
The United States is engaged in massive regulatory reform and energy industry expansion.