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The Investment Outlook for the Canadian and US Oil and Gas Sectors: Evidence from Financial Metrics
Canada’s oil and gas industry has long been a driver of the country’s economic growth. Hence, the outlook for the industry’s future profitability is an important determinant of capital investment rates and employment trends for the industry and the ...
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Carney’s climate plans may push oil/gas production from Canada to state-owned firms abroad
Appeared in the Globe and Mail, February 10, 2020 Soon, former Bank of Canada governor Mark Carney (pictured above) will join the United Nations as a special envoy on climate change and finance, where he will push financial institutions and banks to adopt ...
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Fast-growing developing countries will spur demand for oil for decades
When people tell you the future is free of fossil fuels, you should direct them to this report by BP on future oil demand. It features a great chart showing the projected oil demand to 2040 by a dozen different estimates (by different ...
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Clouds may be breaking over Alberta’s oil and gas sector
Appeared in the Edmonton Sun, August 28, 2019 The troubles of the oil and gas sector continue to plague Alberta. The province’s unemployment rate (as of July) was stuck at 7 per cent, better than the 9.1 per cent of October 2016, but well above the 5.2 ...
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Investment in the Canadian and U.S. Oil and Gas Sectors: A Tale of Diverging Fortunes
The oil and gas industry is critically important to Canada’s economy. It accounts for almost 8 percent of Canada’s GDP, as well as for a significant share of the tax revenue collected by governments. The oil and gas sector is particularly important to the ...
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Canada needs meaningful tax reform to compete with U.S. in oil and gas
Appeared in the National Post, March 13, 2019 With Canada’s beleaguered oil and gas industry facing challenges to export to other countries, one might think that governments would focus on some controllable levers to support the industry including ...
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Alberta's oil and gas tax regime offers hope for economic recovery
Appeared in the Calgary Sun, March 13, 2019 It’s easy to be gloomy in Alberta these days. It seems like pretty much everything is against us—oil prices are low, our oil remains landlocked and discounted, unemployment is at 7.3 per cent (compared to a ...
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Premier Notley says ‘PIMBY’ to new Alberta refinery
On Premier Rachel Notley’s Christmas list was new petroleum refining capacity for her province of Alberta. In early December she issued a request for expressions of interest in new capacity to Alberta’s oil and gas industry and though ...
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Investment climate for B.C. energy sector remains dismal
This year’s Global Petroleum Survey contains more bad news for the province of British Columbia. For the second straight year, B.C. is Canada’s least-attractive jurisdiction for oil and gas investment. And B.C.’s overall ranking remains ...
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According to oil and gas investors, Canada much less attractive than U.S.
Appeared in the Regina Leader-Post, December 6, 2018 There’s money out there for the upstream oil and gas industry, but investors seem eager to steer clear of Canada. With continued pipeline obstructionism, uncompetitive tax rates and increasing ...