Canadian capital spending in oil and gas fell by 19 per cent since 2016.
oil and gas investment
Effective Tax and Royalty Rates on New Investment in Oil and Gas after Canadian and American Tax Reform
The Trump administration has rescinded or scaled back regulations.
Bill C-69 will likely make Alberta even less attractive to investment.
The chiefs want the government to shelve two bills currently under Senate review—Bill C-69 and Bill C-48.
The Notley government imposed a 100 megatonne cap on greenhouse gas emissions from the oilsands.
If Prime Minister Trudeau has his way, carbon taxes will rise to $50/tonne of emissions by 2022.
Canadian oil and gas producers are unable to reach new Asian markets, costing the Canadian economy billions.