Canadian governments have worked to keep oil and gas resources locked in the ground.
According to forecasts, Canada will be the worst-performing advanced economy from 2020 to 2030.
Global oil and gas demand will continue to grow, driven by population and economic growth.
The legislation includes subjective criteria including the “social impact” of energy investment and its “gender implications."
Last year, more than 20 per cent of the country’s exports came from energy.
The Trudeau government’s national carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.
In total, $150 billion has left Canada from 2014 to 2018.
Teck spent almost 10 years securing the necessary approvals from provincial and federal regulators.