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Survey ranks Manitoba the best Canadian jurisdiction to invest in oil and gas
Manitoba has been ranked the best Canadian jurisdiction to invest in oil and gas, according to a survey released today.
The Global Petroleum Survey, prepared by the Fraser Institute, was based on the opinions of petroleum executives and managers, where Manitoba beat out Saskatchewan, in second place, and Alberta, in third place.
"The Prairies offer the clearest, most consistent, and most competitive policies for oil and gas investment in Canada," said Gerry Angevine in a release, Fraser Institute senior economist in the Global Resource Centre and co-author of the survey.
Manitoba’s improved scores in the areas of taxation, the cost of complying with regulations and environmental regulations allowed it to push Saskatchewan out of the first place spot.
Globally, Manitoba ranked fifth out of 147 jurisdictions in the survey, Oklahoma coming in at number one.
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