The AER should initiate a regular and ongoing process of eliminating non-functional regulations.
There’s an urgent need for regulatory reform, especially in Alberta.
This year Alberta once again failed to make the top 20 ranked jurisdictions worldwide.
Bill C-69 will likely make Alberta even less attractive to investment.
Saskatchewan increased government-sector employment by just 2.1 per cent—one-tenth of Alberta’s growth rate.
Investor concerns over uncertain regulatory enforcement have risen sharply since 2013.
Capital investment in Canadian oil and natural gas in 2017 was $45 billion, down 44 per cent compared to 2014.
The U.S. advantage over Canada is not surprising in light of recent U.S. tax cuts and deregulation.