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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