Economic Competitiveness

A slightly blurry digital image of a stock market screen showing the rise and fall of stock numbers.
Together, CAPP's members and associate members are an important part of a $120-billion-a-year national industry that provides essential energy products and provides countless economic benefits to Canadians across the country.

A strong energy sector is necessary to ensure our nation’s prosperity for the future. But policy and regulatory initiatives proposed by the federal and provincial governments along with market access challenges are undermining investor confidence and negatively affecting Canada’s ability to attract capital and remain competitive. Despite its relative size to other industries within Canada, the upstream Canadian oil and natural gas industry competes for investment, labour, and capital in an increasingly globalized world. 

In an effort to maintain the economic competitiveness of Canada's industry, CAPP advocates for governments to employ a balanced public policy approach that enhances the industry's overall reputation, while highlighting our world class environmental, safety, and regulatory track record.  

Further reading:

Capital Investment and Drilling Forecast Update: An overview of the impact of declining commodity prices, upstream capital investment in Canada and industry capital spending.