Close X
Friday, November 8, 2024
ADVT 
National

Fraser Institute Survey Says Investors Rank Saskatchewan Oil And Gas No. 1

Darpan News Desk The Canadian Press, 03 Dec, 2015 12:32 PM
  • Fraser Institute Survey Says Investors Rank Saskatchewan Oil And Gas No. 1
SASKATOON — The Fraser Institute's annual Global Petroleum Survey is ranking Saskatchewan's oil and gas reserves as the most attractive to investors in Canada.
 
The survey by the public policy think-tank also puts Saskatchewan eighth of 126 worldwide jurisdictions.
 
Manitoba ranked second and Newfoundland and Labrador sits third but Alberta dropped from 3rd last year to 7th this year.
 
Policy analyst Taylor Jackson says that's due to a number of policy changes under the new NDP government.
 
Those include an increase to corporate taxes, more environmental changes and a royalty review, adding cost and uncertainty to a sector already hampered by low oil prices.
 
The survey factors in both barriers to investment and the volume of oil and gas reserves.
 
Jackson says only five per cent of investors have concerns with Saskatchewan's royalty policies but in Alberta that number goes up to 39 per cent.
 
Premier Rachel Notley has defended the province's aim to complete a royalty review by the end of the year, saying it's necessary for the government to collect and save an ``appropriate share'' of Alberta's resource wealth.
 
Jackson says when it comes to Saskatchewan's barriers to investment, investors continue to rank the province as a high performer.
 
He says if the province continues to be highly touted for its competitive and stable policy environment, there could be the potential for more investors to move to Saskatchewan.
 
However, Jackson says investors were concerned with a couple of areas in the province, such as land claims in dispute and the cost of regulatory clients.
 
But he says the percentage of investors that are concerned about those two issues still rank below the national average.

MORE National ARTICLES

B.C. Oyster Growers Take Steps To Shuck Problems With Shellfish Bacterium

The two groups are organizing a workshop to help oyster farmers develop strategies to reduce chances of a dangerous bacterium in the shellfish.

B.C. Oyster Growers Take Steps To Shuck Problems With Shellfish Bacterium

'Ugly Girl' Poll: N.L. High School Student Takes On Online Bullies, Goes Viral

'Ugly Girl' Poll: N.L. High School Student Takes On Online Bullies, Goes Viral
Lynelle Cantwell of Torbay says she discovered her name on a poll posted on the website ask.fm called 'Ugliest Girls in Grade 12.'

'Ugly Girl' Poll: N.L. High School Student Takes On Online Bullies, Goes Viral

Man With Mental Disabilities Located After Going Missing In Nova Scotia

Man With Mental Disabilities Located After Going Missing In Nova Scotia
The parents of 25-year-old Landon Webb held a news conference last month to say they were concerned about his well being

Man With Mental Disabilities Located After Going Missing In Nova Scotia

Let Hate Go, Says The Mother Of Montreal Massacre Shooter Marc Lepine

Let Hate Go, Says The Mother Of Montreal Massacre Shooter Marc Lepine
WHITEHORSE — Twenty-six years after her son murdered 14 women in Montreal, Monique Lepine still doesn't know why. 

Let Hate Go, Says The Mother Of Montreal Massacre Shooter Marc Lepine

Quebec Government Tables Bill To Create Provincial Registry For All Firearms

Quebec Government Tables Bill To Create Provincial Registry For All Firearms
Public Security Minister Pierre Moreau said today each gun in Quebec will have its own number.

Quebec Government Tables Bill To Create Provincial Registry For All Firearms

Manitoba Aiming To Reduce Greenhouse Gas Emissions, Create Green Jobs

He says the province will address the problem by creating 6,000 green jobs in the next five years.

Manitoba Aiming To Reduce Greenhouse Gas Emissions, Create Green Jobs