The economic crisis and its impact on investment in Canada’s energy sector

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.