At the end of 2014, capital expenditures in Canada’s oil and gas sector sat at nearly $21 billion. Today, it’s under $10.5 billion.
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Wildfires driving down oil & gas profits
Wildfires in Western Canada during the first half of the year reduced oil production capacity in those provinces, which ate at profits within the industry.
But UCP supporters probably shouldn’t be celebrating just yet.
These workers voted 73% in favour of the new contract.
Nearly half of those job losses occurred before the NDP took office 8 years ago.
At this rate, it’s going to be tough for Canada to meet its climate change commitments.
It’s been nearly 4 years since the UCP got a kick at the can. How many new jobs have been created in an industry that’s seeing record oil production?
Alberta’s new energy minister had a lot of positive things to say about Alberta’s oil and gas sector. But what about everything he left out?
This may come as a shock to some people, but it appears that the federal Liberal government is doing a pretty horrible job of shutting down Alberta’s oil and gas industry.
Despite generating nearly $1 billion in more corporate tax revenue last year, the oil and gas sector still accounted for just 16.65% of total corporate profit tax revenue.