Oil and gas project delays hurting Canada’s reputation, industry group says
VANCOUVER — Canada’s pipeline gridlock is harming its global reputation as an attractive place to invest in oil and gas projects, says a leading industry group.
Tim McMillan, CEO of the Canadian Association of Petroleum Producers, said Donald Trump’s election in the United States adds pressure to Canada to clear regulatory hurdles blocking new projects.
“We may see some or a lot of that capital that would normally come to Canada going other places and to the U.S., who is targeting it,” McMillan told The Canadian Press in an editorial board meeting.
“We should be looking at how we position ourselves to have the regulatory framework that we desire and the outcomes we want, but to do it in the most efficient way we possibly can.”