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A large factor for this is the current provincial government that was recently elected (New Democratic Party (NDP)). Their current policies of implementing ca
by mrbrt68 11y ago
A large factor for this is the current provincial government that was recently elected (New Democratic Party (NDP)). Their current policies of implementing carbon taxes and increasing corporate taxes in the energy sector when a lot of companies are already hurting can be argued for redirecting the already slim investments to other markets.
- toomuchtodo 11y agoThat's a minor factor compared to the enormous global oil glut with Saudi Arabia pumping flat out, and OPEC turning into a free for all two days ago. TL;DR China has slowed down, and oil producers are playing musical chairs so as to not be left holding any oil when demand is gone.