Prime Minister Justin Trudeau said last year that he wanted to phase out the oil sands. In many respects he has been succeeding in that objective. Investment in Canada's oil sands was down for a fourth consecutive year this year.
When Prime Minister Trudeau took office, three of the world's most respected infrastructure companies were planning to build pipelines to tidewater, and all three of them have exited: Enbridge, TransCanada and Kinder Morgan. All three of them have decided to invest elsewhere, in other places.
This decline is ironic given that oil prices have risen under this government. In other words, one would have expected that market conditions would have caused fortunes for our industry to rise as well, but they have gone in precisely the opposite direction.
Do you think your organization is succeeding in having its policy agenda respected by this government?