New refineries don’t get built very often in North America anymore.
oil and gas
The province remains in the bottom 30 per cent of ranked jurisdictions worldwide.
The Trump administration has rescinded or scaled back regulations.
The oil price differential is largely due to Canada’s lack of transportation capacity and restricted market access.
Proposed legislation would radically revise the process of environmental assessment for major infrastructure projects including pipelines.
Capital investment in Canada’s oil and natural gas in 2017 was down 44 per cent from 2014.
Oil price discount recently reached nearly 60 per cent.
World oil consumption may expand to 100 million barrels per day in the next three months.
Canadian oil producers will lose an estimated $15.8 billion this year in foregone revenues compared to other producers.