Confusing signals from Ottawa on oil and gas CanadiansInvest
Is Ottawa actually executing a master plan to shut down Canada’s oil and gas industry?
Or have world events changed more quickly than the federal government can develop different policies that are attractive to core supporters?that in 2023 legislation would be introduced to underpin a 2019 election promise of a “Just Transition” for oil workers who lose their jobs due to a switch to low-carbon energy.
While that seemed harmless enough, he added, “We’ve seen for a while Alberta hesitating around investing in anything related to climate change.” Conventional oil and natural gas liquids output is up about four per cent, natural gas production nine per cent, and oil sands 62 per cent. The main increase in oil sands output is the result of projects that were underway when the Liberals were elected and were largely completed by 2019. And in the last three years, oil sands output has increased another eight per cent.
It appears the Trans Mountain pipeline expansion will be completed, although the final cost may be eye-watering. This will nearly triple throughput and deliver another 590,000 barrels per day to tidewater.
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