Investors pointed to regulatory duplication and inconsistencies, which deterred 48 per cent of survey respondents.
Saskatchewan tops in the eyes of oil and gas investors, but there’s considerable room for improvement
The AER should initiate a regular and ongoing process of eliminating non-functional regulations.
Eighty per cent of respondents indicated that uncertainty around environmental regulations in Alberta was a deterrent to investment compared to only 9 per cent for Texas.
The United States is engaged in massive regulatory reform and energy industry expansion.
Disputed land claims remain a concern for investors.
Bill C-48 bans large oil tankers off B.C.’s northern coast.
Ottawa’s federal carbon tax is set to hit $50 per tonne in 2022.
Ottawa’s federal carbon tax came into effect earlier this year at $20 per tonne.