The economic crisis and its impact on investment in Canada’s energy sector
Posted On May 24, 2011
0
932 Views
0 This document outlined several impacts of the economic downturn on Canada’s Energy Sector. One impact included decreased investment in Canada’s petroleum industry, delaying $100 billion in products, mostly from tar sands, as well as reducing drilling activities to about half. This slowdown in oil sands production was seen as a “cause for concern” by the IEA and others.
Other impacts included a decrease in growth of energy and petroleum consumption in Canada as well as a hastening to retire existing coal-fired plants in Ontario.
Trending Now
We're hiring a Francophone Communities Campaign Coordinator!
August 4, 2022