The Trudeau government’s national carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.
energy sector
Global oil demand is expected to be around 90.8 million barrels a day in 2020.
Canada’s energy sector employed (directly and indirectly) more than 830,000 workers.
Canada’s energy sector employed (directly and indirectly) and supported more than 830,000 jobs.
Investors pointed to regulatory duplication and inconsistencies, which deterred 48 per cent of survey respondents.
The AER should initiate a regular and ongoing process of eliminating non-functional regulations.
Eighty per cent of respondents indicated that uncertainty around environmental regulations in Alberta was a deterrent to investment compared to only 9 per cent for Texas.
The United States is engaged in massive regulatory reform and energy industry expansion.
Disputed land claims remain a concern for investors.