oil and gas
The National Energy Board’s recent report helps answer some key 'oil to market' questions.
Province’s net financial position could decrease by another $14 billion in 2016/17, making it a net debtor province.
Annual cap on oilsands emissions means that once emissions hit prescribed threshold, no further development will be allowed.
Between 2004/05 and 2014/15, Alberta’s provincial government increased program spending by nearly 100 per cent.
If the province wants to seize new economic opportunities, it could ease the movement of skilled labour and improve Alberta’s tax competitiveness, among other things.
Prime Minister Trudeau’s remarks at the World Economic Forum in Davo unfortunately reflect an attitude of discomfort with Canada’s resource economy.
The real “resource curse” is the way successive Alberta governments squandered revenues from resource development.
The Alberta government can't control the price of oil, but it can control its policy environment, and recent policy changes have caused a decline in investor confidence.
Western Canada heavy crude oil is largely captive to demand by U.S. refineries that are configured to process heavy crude oil.