Ottawa’s federal carbon tax came into effect earlier this year at $20 per tonne.
oil and gas investment
The oil and gas sector contributes, directly and indirectly, around 8 per cent of Canada’s GDP.
The Trudeau government’s proposed Bill C-69 and Bill C-48 will impose further barriers to energy development.
Canadian capital spending in oil and gas fell by 19 per cent since 2016.
Effective Tax and Royalty Rates on New Investment in Oil and Gas after Canadian and American Tax Reform
The Trump administration has rescinded or scaled back regulations.
Bill C-69 will likely make Alberta even less attractive to investment.
The chiefs want the government to shelve two bills currently under Senate review—Bill C-69 and Bill C-48.