Capital investment is crucial to the economy. Investment creates jobs, economic growth, and revenues for governments to help fund our schools, hospitals and roads. A global plunge in oil prices in 2014 triggered a worldwide decrease in oil and gas investment. Recently, rising oil prices have helped spur a recovery in investment—except here in Canada. Our complex and uncertain regulatory environment, along with our inability to move forward on pipeline projects has driven away investment to other jurisdictions such as the United States.
Is Canada still open for business?
Capital investment in Canada’s oil and natural gas industry has plummeted over the past four years.