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.”
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Thank goodness for governments in AB & SK that creates conditions for such investment. Now if we could just get our LNG to markets around the world.
Multinational oil corporations are making absolute record profits
Wow thank you JustinTrudeau ! What’s your narrative gonna be now Barootes ?
But Trudeau something something destroyed the industry? Lol
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