Foreign direct investment in Canada dropped 56 per cent between 2013 and 2017.
oil and gas industry
In 2018, 73 per cent of respondents said compliance costs were a deterrent to investment compared to only 32 per cent in 2013.
Bill C-69 will overhaul the entire assessment process of major energy projects.
The oil and gas sector contributes, directly and indirectly, around 8 per cent of Canada’s GDP.
The oil and gas industry accounts for almost 30 per cent of the provincial economy.
The biggest losses, unsurprisingly, are in Alberta.
Canadian capital spending in oil and gas fell by 19 per cent since 2016.
This year Alberta once again failed to make the top 20 ranked jurisdictions worldwide.