Prime Minister Trudeau’s remarks at the World Economic Forum in Davo unfortunately reflect an attitude of discomfort with Canada’s resource economy.
oil and gas
The real “resource curse” is the way successive Alberta governments squandered revenues from resource development.
The Alberta government can't control the price of oil, but it can control its policy environment, and recent policy changes have caused a decline in investor confidence.
Western Canada heavy crude oil is largely captive to demand by U.S. refineries that are configured to process heavy crude oil.
Canadians pay about twice the amount of tax on gasoline compared to Americans.
The Alberta premier chimed in on B.C.'s opposition to the Kinder Morgan pipeline expansion.
The additional CO2 emissions coming from the oilsands is extremely low.
On Wednesday, TransCanada, the company that would have built and operated the Keystone XL pipeline, launched two lawsuits over President Obama’s rejection of the pipeline.
That perceptions about Alberta’s investment climate are changing should concern Albertans. As we saw with the last royalty review, perceptions can often become realities.