Tuesday, August 16, 2022

MAJOR INTERNATIONAL INVESTORS TURN AWAY FROM CANADA

  Right now our oil and gas industry provides about $110 billion per year. If oil and gas revenues fall due to climate change concerns, what’s going to replace that kind of cash flow and wealth creation, Bruce asked, then answered, “Hydrogen is going to be a big part of that.”
   But only if pipelines can be built, he added. Four of the five big markets for hydrogen — South Korea, Japan, China and California — can be accessed from our West Coast ports.
   But major international investors no longer trust they can put their money into Canadian projects like pipelines due to uncertainty around our ever-changing and more complex regulatory processes, Bruce said. “This is what drives everybody crazy because they just don’t see a stable playing field that they can tackle.”

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