Michael Cooper at the Finance Committee

On February 3rd, 2020. See this statement in context.

February 3rd, 2020 / 6:15 p.m.

Conservative

Michael Cooper Conservative St. Albert—Edmonton, AB

Thank you, Mr. Chair.

Thank you to the witnesses.

I'm going to direct all of my questions to Mr. Brunnen of CAPP.

Mr. Brunnen, you noted that capital investment today is at one-third of the level of 2014. I think it was about $81 billion in 2014 in the oil and gas sector. You would agree that a significant factor in that massive decline in capital investment is related to the competitiveness gap that Canada finds itself in, relative to other oil and gas-producing jurisdictions. Would you agree?

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