EVN Klimainitiative

EVN Klimainitiative

Wo Energie fließt, ist auch Leben. Denn Energie ist Leben.

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Canada: Alberta’s vision for the oil and natural gas sector

The Government of Alberta needs to take action to close the competitiveness gap for the province’s oil and gas industry if it wants to be the global energy supplier of choice. At a time when energy demand and capital spending is increasing globally, total investment in Canada’s oil and natural gas sector is expected to fall to USD 42 billion in 2018 from USD 81 billion in 2014, and total annual spending in the oils sands dropping for a fourth consecutive year. Investor confidence continues to remain low due to a number of factors such as market dynamics and commodity price trends; market access challenges; regulatory complexity and uncertainty; fiscal policy including tax reforms in the USA, and, the rising cost of doing business in Canada.

According to the report by the Canadian Association of Petroleum Producers CAPP, Alberta’s vision for the oil and natural gas sector needs long-term direction and strategic focus in government decision making.

For further information please look at the Competitive Policy and Regulatory Framework for Alberta’s Upstream Oil and Natural Gas Industry