Investors will invest in energy projects where expected risk-adjusted returns are highest.
oil and gas industry
If Canada removed all fossil-fuel cars from the roads, emissions would only drop by 5 per cent.
A new study estimates that up to 450,000 oil and gas jobs are at risk.
Last year was the first in at least 25 years that the province derived no revenue from petroleum royalties.
Biden’s climate plan aims to wean the U.S. off of fossil fuels.
Investment in Canada’s oil and gas sector has declined by 35 per cent.
While the regulatory change is welcome news, significant reforms are still required to restore investor confidence.
The Trudeau government’s national carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.