Stark contrast between U.S. energy boom, Canada’s lethargy

Canada’s energy sector is struggling primarily because of poor government policies. The U.S. shows a way out of this mess

Stark contrast between U.S. energy boom, Canada’s lethargyBy Elmira Aliakbari and Ashley Stedman The Fraser Institute Over the past few years, the governments of Canada and the United States have taken markedly different approaches to energy development, particularly with oil and gas. Consequently, the U.S. energy industry is booming while Canada’s continues to struggle despite increases in oil and natural gas prices.…

Canada’s crude oil profit margin is being railroaded

Shipping crude by rail means lost revenue for oil producers and hampers the broader Canadian economy

Canada’s crude oil profit margin is being railroadedBy Elmira Aliakbari and Ashley Stedman The Fraser Institute When Canada's Federal Court of Appeal quashed the federal government’s approval of the Trans Mountain pipeline expansion project, citing inadequate consultation with First Nations and concerns over marine tanker traffic, it was the latest blow in a bad few months for Canada’s heavy oil producers. Crude…

B.C. falling short of its considerable mining potential

B.C. miners face more onerous permitting process compared to other provinces. Adding another layer will only make it worse

B.C. falling short of its considerable mining potentialBy Ashley Stedman and Elmira Aliakbari The Fraser Institute To encourage natural resource development and the prosperity that comes with it, mining investors need more certainty about exploration activities – not less. It's an issue that deserves immediate attention in B.C. According to a recent Fraser Institute survey of senior mining executives, British Columbia’s regulatory…

Getting out from under Ontario’s high electricity rates

Premier Doug Ford's new government should cancel existing renewable energy contracts, not just future deals

By Elmira Aliakbari and Ashley Stedman The Fraser Institute If its recent throne speech is any indication, Ontario’s new government wants to reverse past mistakes and reduce electricity prices for Ontarians by cancelling 758 expensive green energy contracts with renewable generators for sources such as wind and solar. According to the government’s press release, this…

Canada must maximize its oil profit potential

Enbridge pipeline approval is good news but Canadian oil remains largely confined to U.S. market. We need a broader marketplace

Canada must maximize its oil profit potentialBy Elmira Aliakbari and Ashley Stedman The Fraser Institute Regulators in Minnesota recently approved Enbridge’s $9-billion Line 3 replacement pipeline project. The project will add much-needed export capacity for Canadian oil producers in Alberta who continue to face costly transportation constraints. When it comes on stream in late 2019 or early 2020, the project will…

Economic incentives pay dividends

A recognition that incentives matter would require a wholesale reversal of many, if not most, of the economic policies enacted by the Trudeau government

Economic incentives pay dividendsBy Jason Clemens, Elmira Aliakbari and Ashley Stedman The Fraser Institute There have been many assessments, mostly critical, of the federal government’s decision to purchase the Trans Mountain pipeline. And yet, a key aspect of the decision – this government’s dismissive view of the importance of incentives – has been almost entirely ignored. The government…

No pipeline to energy sector investment

Trudeau government nationalizing Trans Mountain pipeline project is further proof that Canada is closed for business

By Elmira Aliakbari and Ashley Stedman The Fraser Institute In a stunning turn in an already unprecedented saga, Finance Minister Bill Morneau announced last week that the federal government will buy the Trans Mountain pipeline expansion project from Kinder Morgan for $4.5 billion, essentially nationalizing the project. The agreement, which federal Natural Resources Minister Jim…

Pipeline obstructionism costing Canada billions

According to a recent Fraser Institute study, lack of pipeline capacity will cost Canadian oil producers $15.8 billion this year

Pipeline obstructionism costing Canada billionsBy Elmira Aliakbari and Ashley Stedman The Fraser Institute Canada’s need for new pipelines is critical. The recent decision by Kinder Morgan, one of the largest energy infrastructure companies in North America, to halt all “non-essential spending” on the Trans Mountain pipeline expansion – which would run from Alberta, through British Columbia, to the coast…

Investors steering clear of Canada’s energy sector

Uncompetitive policies and regulatory uncertainty are largely to blame

Investors steering clear of Canada’s energy sectorBy Elmira Aliakbari and Ashley Stedman The Fraser Institute Canada’s investment climate for the energy sector can be described as unfavourable, at best. Clearly, investors have reached their breaking point with Canada’s uncompetitive policies and regulatory uncertainty and are steering clear. The result is fewer Canadian jobs and lower economic growth. According to the most…

Canada an environmental leader, not a laggard

Compare Canada’s performance with other countries on measures that matter most to the health of people and the ecosystem

Canada an environmental leader, not a laggardBy Ross McKitrick, Elmira Aliakbari and Ashley Stedman The Fraser Institute Despite misguided claims to the contrary, Canada has an excellent environmental record when compared to most of the world’s wealthiest – and cleanest – countries. A new study published by the Fraser Institute compares and ranks 33 high-income countries in the Organization for Economic Co-operation…