Report argues Canada energy industry needs national strategy


Policy should promote infrastructure to get oil and gas to non-U.S. markets, says PricewaterhouseCoopers

Canada’s oil and gas industry has the potential to compete successfully in global markets in the coming decades — but only if business and government leaders come up with a coherent national energy policy, according to a report released Wednesday. READ MORE [CANADA OIL]

The report by PricewaterhouseCoopers, titled 2019 Energy Visions, argues that Canada’s energy sector has emerged from a turbulent decade in good shape to compete in a transitioning market partly because companies planned and innovated for the future.

Ten years ago, Canada’s oil and gas industry was recovering from the 2008 global financial crisis. The immediate concerns then were managing variable and weakened commodity prices, high supply costs misaligned with current prices and disrupted capital markets. Increasing regulatory uncertainty, the need for new export pipelines and growing public scrutiny of environmental performance were also growing issues. – read more

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