Investment in the oil and gas sector fell from $76 billion in 2014 to $29 billion in 2022.
Within the energy basket, oil is by far the largest earner.
Biden’s climate plan aims to wean the U.S. off of fossil fuels.
The Notley government imposed a 100 megatonne cap on greenhouse gas emissions from the oilsands.
World oil consumption may expand to 100 million barrels per day in the next three months.
Capital spending in Canada’s oil and gas sector declined by more than 50 per cent between 2014 and 2017.
Canadian oil and gas producers are unable to reach new Asian markets, costing the Canadian economy billions.
Pipelines are 2.5 times less likely than rail to experience a release of product when transporting a million barrels of oil.
Pipelines are 2.5 times safer than rail for oil transportation.