A proliferation of regulations and government interventions have dramatically shaken investor confidence.
In a speech to the Canada-UK Chamber of Commerce in London on July 14, 2006, Prime Minister Stephen Harper referred to Canada as the emerging energy superpower that his government intends to build. The prime minister and Joe Oliver, minister of natural resources, have repeated this claim on various occasions since.
While the term energy superpower sounds exciting and important, that likely isnt where the country is heading (and likely not what we want to be). Rather, Canada is on track to become an energy superproducer if the right policy framework is in place.