Bleak and gloomy

Woes facing Canada’s petroleum industry compounded by carbon tax, well cleanup

Gary Park

for Petroleum News

As Canada’s drill rig count nosedives and foreign investors start fleeing to more competitive corners of the globe, the Canadian petroleum industry is now having to come to grips with the imposition of a new federal carbon tax and the threat that companies may soon be hit for the costs of cleaning u....

    [additional news subjects in this story]

Rigs down 65%

Loss of foreign investment

Comparison to US

National carbon tax