'Feels pretty good': Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says

📆 3/2/2023 10:50 AM
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Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, rising above pre\u002DCOVID levels. Read on

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.

And 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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Conservative premiers are losing our Ontario Green Belt farm produce of 135 football fields/day jumping to 319 fields /day from this Ford OntarioPCParty OntarioPCCaucus coalition which caused inflation just as high as the Russia/Ukraine genocide UNEP

Profiting from the death of life on the planet. How ethical.

Thank you Trudeau.

But... but... aren't we transitioning away from oil? Alberta is happy to have a surplus. You folks in BC can enjoy your deficit and free birth control

So much for fed government damper

Much to the dismay of Trudeau and Notley and almost every liberal.

Canada should be EnergyIndependent

yep Alberta is in positive financial territory , BC chases off investment while predicting 11 billion in deficits,,,,

That our Juvenile Virtue-Signalling feds want to stop because of Greta, blah, blah, blah...ooooo, the world ending in 2030....

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