Last year was the first in at least 25 years that the province derived no revenue from petroleum royalties.
oil and gas investment
In total, $150 billion has left Canada from 2014 to 2018.
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.
The United States is engaged in massive regulatory reform and energy industry expansion.
Disputed land claims remain a concern for investors.
Ottawa’s federal carbon tax came into effect earlier this year at $20 per tonne.
The oil and gas sector contributes, directly and indirectly, around 8 per cent of Canada’s GDP.
The Trudeau government’s proposed Bill C-69 and Bill C-48 will impose further barriers to energy development.