Capital investment in Canada’s oil and gas sector declined by an estimated 44 per cent from 2014 to 2017.
Statistics Canada’s latest survey on investment intentions for 2018 found that private-sector investment is slated to fall again this year.
The recent move by Kinder Morgan on the Trans Mountain pipeline was a massive blow to Canada’s investment attractiveness.
Private-sector investment in factories and other structures down more than 23 per cent.
Last week Kinder Morgan projected that the Trans Mountain pipeline project could be a year behind schedule.
Reforms dismantled the monopoly held by Mexico’s two-state owned energy giants.
Before making largely shambolic gestures using other people’s money, you should consider all the available alternatives.