‘Crisis of our own making’: Regulatory logjam has cost $100B in cancelled resource projects

‘Crisis of our own making’: Regulatory logjam has cost $100B in cancelled resource projects

CALGARY – A new report shows $100 billion in planned spending on resource projects in Canada has evaporated, and a further drop should be expected without substantial amendments to the Liberal government’s planned regulatory overhaul in Bill C-69. As Senate hearings into the controversial bill continued Thursday, the C.D. Howe Institute released a report detailing…

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‘A made-in-Canada crisis’: How political stumbles, savvy activists brought the oilpatch to its knees

‘A made-in-Canada crisis’: How political stumbles, savvy activists brought the oilpatch to its knees

WINNIPEG, Manitoba/VANCOUVER — A decade ago, Canada’s oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government intervention to move its oil to market. Canada produces 4.9 million barrels per day (bpd),…

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Turkey crisis averted — or just deferred?

Turkey crisis averted — or just deferred?

There’s one, and only one, good thing about banging your head against the wall over and over: it feels really great when you stop. Maybe we can enjoy that feeling now, as worries seem to have eased over Turkey and its faltering currency, which as of Monday had marked a 30-per-cent-plus weekly plummet against the…

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