Almost 5,000 workers are directly employed in processing the petroleum products Line 5 brings to Sarnia.
The Trudeau government has increased uncertainty in the project approval process.
Canada’s energy sector employed (directly and indirectly) and supported more than 830,000 jobs.
We’re experiencing a “supply shock,” essentially a reduction in the economy’s capacity to make goods and services.
A high price differential means lower-than-expected royalties for governments.
Canada’s forecasted production of 2.8 million barrels a day this year is down 6.7 per cent from last year’s projection.