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.
Other Articles That May Interest You
Abundant oil and natural gas resources drive big numbers in terms of revenue, GDP and jobs in Canada.
Canada’s oil and gas industry creates jobs in a wide range of trades and professions from coast to coast.
Canada and Russia are oil and natural gas exporting nations: Canada must step forward to help provide energy security for our allies and the world.
World class marine safety measures help ensure Canada realizes the benefits of oil exports.
A comparison of Canada vs U.S. liquefied natural gas (LNG) exports show a major missed opportunity.