US more attractive than Canada for oil, gas investments

2021-12-07

The US overtook Canada as the top destination for oil and natural gas development in the 2021 Canada-US Energy Sector Competitiveness Survey conducted by the Fraser Institute, with executives citing regulatory uncertainty and the cost of regulatory compliance among the factors discouraging investment in Canada. Texas emerged as the most attractive destination for oil and gas investment, with Oklahoma, Wyoming, North Dakota and Kansas rounding out the top five.

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