Canadian upstream oil and gas investment increased only 15% compared to 41% in the U.S.

canadafreepress.com | 5/7/2019 | Fraser Institute
joyy (Posted by) Level 3
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CALGARY—From 2016 to 2018, capital investment in Canada’s upstream oil and gas industry (essentially, exploration and production) increased 15 per cent compared to 41 per cent in the U.S. over the same period, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“Part of the explanation for the diverging fortunes is that in the U.S., they’re building pipelines, reducing and streamlining regulations, and reforming taxes to be more competitive while Canada is doing the opposite,” said Steven Globerman, senior fellow at the Fraser Institute and author of Investment in the Canadian...
(Excerpt) Read more at: canadafreepress.com
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