Canadian governments have worked to keep oil and gas resources locked in the ground.
Global oil and gas demand will continue to grow, driven by population and economic growth.
Almost 5,000 workers are directly employed in processing the petroleum products Line 5 brings to Sarnia.
The Trudeau government has increased uncertainty in the project approval process.
Canada’s energy sector employed (directly and indirectly) and supported more than 830,000 jobs.
We’re experiencing a “supply shock,” essentially a reduction in the economy’s capacity to make goods and services.
A high price differential means lower-than-expected royalties for governments.
Canada’s forecasted production of 2.8 million barrels a day this year is down 6.7 per cent from last year’s projection.