The federal government’s Canada Energy Regulator projected in 2019 that Canada’s oil sector will grow by almost 50%, and the natural gas sector by 30%, from 2018 to 2040.As the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action. Expect expert insights and analysis in your inbox daily throughout the tournaments, and weekly on Thursdays for the rest of the season.
All of this is good news for Canada because, again according to the federal government, we’re the world’s fifth largest producers and fourth largest exporters of both oil and natural gas, with huge reserves of both.tap here to see other videos from our teamEven if our lack of pipelines to get our oil and natural gas to tidewater and from there to global markets, costs the Canadian economy an estimated $23 billion annually.
In surveying 82 oil and gas sector executives who answered 16 questions known to be factors in determining energy investments, Canada’s three oil and natural gas producing provinces — Alberta, Saskatchewan and B.C. — fared poorly compared to 12 U.S. states. Respondents cited uncertainty about environmental regulations, disputed Indigenous land claims and the cost of regulatory compliance as major impediments working against Canada.
It's heading to China.... just like Canadian coal
I agree with this part: Oil isn’t dead, natural gas isn’t dead The future belongs to nations that can produce them efficiently While simultaneously lowering their greenhouse gas emissions through advances in technology.
It's not dying, but it's strapped down pretty tightly on the gurney.
sunlorrie Imagine all the benefits for Canada if we had a federal government which actually supported our energy sector, and encouraged growth rather than deliberately working against it.
It’s not dying it’s being suffocated alive
sunlorrie The Alberta oil patch is again desperate for workers. While Trudeau tries to destroy it, it still pushes the economy forward.
Yes it is
sunlorrie Oil industry. Steven Guilbeault and others wants to know why producers aren't investing more in Canada. Economic competitiveness is not an issue that registers with way too many Canadian governments, particularly the federal Liberals and multiple municipalities.