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Canada’s crude oil competitiveness in question as Parliament considers key legislation

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Listen: Canada’s crude oil competitiveness in question as Parliament considers key legislation

In its latest annual report, the Canadian Association of Petroleum Producers has forecast a growth of just 70,000 b/d in oil sands production for the next five years. A prime reason for that is flight of capital as Wall Street has turned its eyes away and is looking at more attractive US plays, particularly the Permian. A verdict is due post-summer from the Canadian Parliament on two key pieces of legislation. Will they further erode Canada's competitiveness?

S&P Global Platts senior oil news editor Ashok Dutta discusses the issues with Brad Wall, the former premier of Saskatchewan, who pioneered the birth and growth of a light oil industry in the Canadian portion of the Bakken.