Policies matter, and when the oil and gas sector is very clearly indicating that American jurisdictions are more attractive for investment, policymakers should take note
Texas is more than two times as attractive than Alberta for oil and gas investment, according to a new survey of petroleum -sector executives released today by the Fraser Institute, an independent, non- partisan, Canadian public policy think - tank. “ Canada’s onerous and uncertain regulations, along with our dearth of pipeline capacity has created a competitiveness chasm between Canada and the United States— particularly between Alberta and Texas ,” said Ashley Stedman , senior policy analyst at the Fraser Institute and co -author of the Canada- US Energy Sector Competitiveness Survey . The survey, conducted between May and August of this year, ranks 20 North America n jurisdictions (15 states and five provinces) based on policies affecting oil and gas investment . This year, Texas ranked 1 st while Alberta ranked 16 th out of 20. Specifically, 80 per cent of survey respondents cited uncertain environmental regulations as a deterrent to inv...