VANCOUVER—Due in part to Canada’s unfavourable business environment—which includes higher taxes, more regulation and lack of pipeline capacity—oil and gas investors will likely continue to divert investments from Canada to the United States, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Financial capital is mobile, so policymakers in Canada must understand that government policies have helped facilitate the flight of oil and gas investment from Canada to the U.S.,” said Steven Globerman, professor emeritus at Western Washington University, resident scholar at the Fraser Institute and co-author of The Investment Outlook for the Canadian and US Oil and Gas Sectors.
