Cenovus recently announced it will cut production from some of its oilsand projects.
The recent move by Kinder Morgan on the Trans Mountain pipeline was a massive blow to Canada’s investment attractiveness.
Business investment (excluding residential structures) is down nearly 20 per cent since the third quarter of 2014.
Without adequate access to pipelines—the cheaper and safer mode of transportation—there has been a shift to more crude-by-rail.
In Ontario, the government expects to rake in $2 billion per year through its cap-and-trade program.
Price controls led to long lineups and dry tanks at gas stations.
The federal carbon-price scheme raises Alberta’s carbon tax to $50 per tonne by 2022.
The Trump administration has significantly improved the business environment in the U.S.
Despite support from local politicians and First Nations groups, Andrew Weaver is digging in his heels on LNG.
Last week Kinder Morgan projected that the Trans Mountain pipeline project could be a year behind schedule.
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