Oil and gas investment in Canada to hit $40-billion in 2023, industry group says

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The Canadian Association of Petroleum Producers says the forecast is 11% higher than last year and also surpasses pre-COVID-19 pandemic levels

The Canadian Association of Petroleum Producers says it expects investment in oil and natural gas production in this country to hit $40-billion this year.

Upstream oil and natural gas investment in Canada reached a low of $22-billion in 2020, as prices collapsed due to the pandemic.

 

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Gross

Let’s keep rolling and making $$$

I'm hoping they are keeping an eye on the environment at the same time.

Bring it on. That's supply the world with oil and gas

Wow did they not get the memo that Mr Trudeau is deliberately destroying the Canadian oil and gas industry

And they care about the environment...right? The almighty dollar rules!

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'One of the most pivotal moments': CAPP releases 2023 oil and gas forecastAnalysts say Canada's oil and gas industry will hit $40 billion in total investment in 2023, an increase of 11 per cent from last year. Buy an EV and put big oil out of business! 🤔 Canada killing itself
Source: CTVCalgary - 🏆 26. / 68 Read more »