Normally when a product experiences record-high prices, suppliers expand production capacity to meet demand.
oil and gas industry
Investors will invest in energy projects where expected risk-adjusted returns are highest.
If Canada removed all fossil-fuel cars from the roads, emissions would only drop by 5 per cent.
The pipeline carries approximately 540,000 barrels of oil and natural gas liquids to refineries in Ontario.
A new study estimates that up to 450,000 oil and gas jobs are at risk.
Last year was the first in at least 25 years that the province derived no revenue from petroleum royalties.
Biden’s climate plan aims to wean the U.S. off of fossil fuels.
Investment in Canada’s oil and gas sector has declined by 35 per cent.