Canada Oil Production Jump To Be Biggest In World @ 500,000 Barrels/Day

[Economy 52,845]

https://www.google.ca/amp/s/www.cbc.ca/amp/1.6993102

 

Canadas Oil production is forecast to jump another 500,000 barrels a day by year end to 5.3M barrels a day

 

However environmental regulations such as emissions cap, carbon tax and a general consensus the new Transmountain Pipeline will be the last major one ever approved have reduced investments on Oil Sands and it is expected to plateau after 1 more major increase

 

Canada with the worlds 3rd largest Oil Reserves (after Venezuela and Saudi Arabia) is the only Country in the top 10 by reserves putting in legislation to decarbonize the sector and reduce investment in the sector as well