CAPP said this country’s conventional oil and natural gas capital investment for 2023 is forecast at $28.5 billion, while oilsands investment is expected to reach $11.5 billion.
Baiton said the natural gas industry is also ramping up drilling plans in advance of the completion of Phase One of LNG Canada’s liquefied natural gas export terminal currently under construction near Kitimat, B.C. By contrast, in 2023, much of the industry’s spending will go towards maintenance and “incremental growth” projects, Baiton said, as well as to help manage the inflationary pressures being felt by companies.
“But a lot of that is dependent on regulatory certainty and Canadian competitiveness vis-à-vis other jurisdictions around the world.”
Did someone say: Green Economy is the future. Yes, if we ever get there. But then when is the future if not now? BTW, Stephen Hawking gave us 100 yrs till extinction if we do not change. We got far,far,far ..worse. Invest in oil/gas and die rich. Nice death for you.
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Oil and gas investment in Canada to hit $40-billion in 2023, industry group saysThe Canadian Association of Petroleum Producers says the forecast is 11% higher than last year and also surpasses pre-COVID-19 pandemic levels Wow did they not get the memo that Mr Trudeau is deliberately destroying the Canadian oil and gas industry And they care about the environment...right? The almighty dollar rules! Bring it on. That's supply the world with oil and gas
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Oil and gas investment in Canada to hit $40 billion in 2023, industry group saysThe Canadian Association of Petroleum Producers said spending in the oilpatch in 2023 is expected to surpass pre\u002Dpandemic levels, three years after the arrival…
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