Economy

Interprovincial Red Tape Compounds Woes for Canada’s Energy Sector

While federal regulation is the main concern, interprovincial trade barriers have largely flown under the radar, but actually compound the problem.
Interprovincial Red Tape Compounds Woes for Canada’s Energy Sector
Oil and gas industry supporters rallied outside the venue where Finance Minister Bill Morneau spoke in Calgary on June 19, 2019. Strong political will is needed at all levels of government to curtail regulations that thwart the growth of the oil and gas sector. The Canadian Press/Jeff McIntosh
Rahul Vaidyanath
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News Analysis

Canada’s energy sector is taking its lumps from regulation that many doubt will ever achieve its lofty objectives. Badly needed investment is flowing to the United States instead of Canada due to a more competitive business environment.
The Fraser Institute says that regulation is the main reason for Canadian provinces becoming less attractive for oil and gas investment. While federal regulation is the main concern, interprovincial trade barriers, which have largely flown under the radar, compound the problem.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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