The Ring of Fire is an area in northern Ontario some 500 kilometres northeast of Thunder Bay.
trans mountain pipeline
The project's estimated cost has ballooned from $5.4 billion to almost $31 billion.
The Trans Mountain Pipeline expansion's cost has increased from $7.4 billion to $21.4 billion.
The oil and gas industry accounts for almost 8 per cent of Canada’s GDP.
The latest economic data show continued declines in business investment.
Depressed prices for Canadian heavy crude oil cost Canada's energy industry C$20.6 billion in foregone revenues.
Ten of 15 industries spent less on capital assets in 2017 than in 2014.
The Trudeau government cancelled the Northern Gateway pipeline in 2016.
Next week, Ottawa will make a decision on the Trans Mountain pipeline expansion.
The Trudeau government’s proposed Bill C-69 and Bill C-48 will impose further barriers to energy development.