Survey Finds Alberta losing luster for oil and gas investment

Survey Finds Alberta losing luster for oil and gas investment

Alberta continues to look less attractive for investment in the eyes of oil and gas companies, while neighbouring Saskatchewan keeps looking better, finds the annual global survey of petroleum-sector executives released by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.

“The Alberta government has introduced policies that are confusing and possibly costly, creating uncertainty for the oil and gas industry, which can invest elsewhere,”

said Kenneth Green, senior director of the Fraser Institute’s Centre for Natural Resources and co-author of the 2016 Global Petroleum Survey.

This year Alberta dropped 18 spots to 43rd out of 96 jurisdictions worldwide on the Policy Perception Index, a comprehensive measure of the extent to which policy deters oil and gas investment.

Saskatchewan – which ranked seventh last year – this year ranks as the fourth most attractive jurisdiction in the world to invest in petroleum exploration and production, behind Oklahoma, Texas and Kansas.

Source / More on: Fraser Institute

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