Inefficient and duplicative climate policies are among the factors discouraging investment in Canada's natural gas and oil industry - prompting companies to move operations to countries with little or no emissions-reduction programs thus increasing future global emissions, according to Competitive Climate Policy: Supporting Investment and Innovation, the third in a series of economic reports released by the Canadian Association of Petroleum Producers (CAPP).
Canadian Association of Petroleum Producers (CAPP)
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The Government of Canada's acquisition of the existing Trans Mountain Pipeline system and Trans Mountain expansion pipeline (TMEP) is a long-term commitment in the future of the country's oil and natural gas industry. This project will enable the creation of jobs and prosperity for a new generation of Canadians, according to the Canadian Association of Petroleum Producers (CAPP).
Population growth around the world is increasing demand for more energy in every form, creating a chance for Canada both to share its energy prosperity abroad and drive to a lower-carbon economy at home, according to an analysis and forthcoming report by the Canadian Association of Petroleum Producers (CAPP).
Energy free trade under the North American Free Trade Agreement (NAFTA) has been good for the people of Canada, the United States (U.S.) and Mexico, keeping energy on the continent more affordable and reliable for citizens and the economy, according to a joint paper released by the Canadian Association of Petroleum Producers (CAPP), the American Petroleum Institute (API) and Mexican Association of Hydrocarbon Companies (AMEXHI).
The provincial government and the energy industry could create more than 24,000 new jobs for Albertans and grow the province's economy by nearly $5 billion over the next three years by working together to enhance the competitiveness of Canada's leading trade sector, according to report, A Competitive Policy and Regulatory Framework for Alberta's Upstream Oil and Natural Gas Industry, by the Canadian Association of Petroleum Producers (CAPP).
Economic analysis shows that Canada's oil sands generate significant economic benefits for Quebecers, including 16,200 jobs, $1.25 billion in GDP and $215 million in government revenues, according to an independent study prepared by AppEco titled Les retombées économiques au Québec de l'exploitation des sables bitumineux du Canada.
Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, the Canadian Association of Petroleum Producers (CAPP) announced in its 2017 Crude Oil Forecast, Markets and Transportation report.
The world sees Canadian oil and natural gas as part of the energy future and the preferred source of energy imports, according to a new global research survey, 2017 Global Energy Pulse, the first-of-its-kind conducted by Ipsos on behalf of the Canadian Association of Petroleum Producers.
The Canadian Association of Petroleum Producers (CAPP) welcomed Environment and Climate Change Canada's proposed commitment to reduce further methane and volatile organic compound (VOC) emissions in the oil and natural gas sector, but disagrees with the federal government's assessment Canada needs to "catch up" with environmental policies in the United States.
The Canadian Association of Petroleum Producers (CAPP) is disappointed with the Government of Canada's introduction of Bill C-48, the proposed Oil Tanker Moratorium - designed to establish a moratorium on tanker traffic carrying crude oil and other petroleum products along British Columbia's North Coast.