Still, the forecast is 23% below 2019 investment and just one-third of the industry’s peak spend of C$81 billion reached in 2014, according to the Canadian Association of Petroleum Producers.
The Canadian Association of Petroleum Producers says the 14-per-cent increase in its members’ spending intentions to about $27.3-billion this year compares with total investment of about $24-billion in 2020
Biden s pick for energy secretary could mean trouble for Alberta s oilpatch, experts say
Jennifer Granholm s stance on environmental issues sends a broader message about the Biden administration’s plans for a green energy transition and it could spell trouble for the ongoing work on the Keystone XL pipeline.
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