Last year was the first in at least 25 years that the province derived no revenue from petroleum royalties.
oil and gas industry
So-called "trade-exposed” industries are the least able to pass on higher costs to consumers.
Saskatchewan tops in the eyes of oil and gas investors, but there’s considerable room for improvement
Investors pointed to regulatory duplication and inconsistencies, which deterred 48 per cent of survey respondents.
Disputed land claims remain a concern for investors.
Foreign direct investment in Canada dropped 56 per cent between 2013 and 2017.
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.