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After enduring so many punches during 2020, from a depressed market and a global pandemic all but halting much of the world, Alberta’s bruised and battered oil and gas sector did not make the top 10 of North America’s most competitive oil patches, according to Fraser Institute’s Canada-US Energy Sector Competitiveness Survey 2020. Another tough pill to swallow for the province was the announcement of Norway’s Equinor moving staff from Calgary to St. John’s, and will no longer evaluate business opportunities in the onshore energy industry onshore, instead focusing on offshore projects in Atlantic Canada. In the Fraser Institute study , Saskatchewan was the lone Canadian representative in the top 10. Alberta was 12 th , and British Columbia was 20 th . The survey polls senior executives in the oil and gas industry on policies that affect investment in Canada and the U.S. From this survey, it’s clear that America has a competitive advantage over Canada in most policy areas, with Canada lagging behind for a number of years now. The study did note however that all Canadian provinces improved their policy scores and ranking positions relative to last year’s survey, with the exception of British Columbia. It […]
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