Few big energy producing countries can match Canada’s attractions to foreign investors.
Together with Australia, “this is probably the friendliest jurisdiction to invest in energy projects in the world”, says Ben Rogers, a Calgary-based partner at Norton Rose, a law firm.
Resources of oil and gas – not to mention renewable energy forms, notably hydro-electric and wind power – are abundant. Opportunities abound for further discoveries. A big, receptive market is on the doorstep. Canada shipped an average of 1.9m barrels of oil a day to the US last year, compared with 1.2m b/d from Mexico and 1.1m b/d from Saudi Arabia.
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