Investors Turning Away From Canadian Energy Under Trudeau Government Says Fund Manager

“Increasingly, investors are questioning the merits of investing in Canadian energy and with that, Canadian companies will struggle to access capital, create jobs, develop resources and provide a significant revenue stream for the country.”

Darren Peers of Capital Group Companies – a large investor in the energy sector including in Canadian energy – is warning that investors are looking outside of Canada as the energy industry in this country continues to struggle.

In a letter, Peers said “Capital Group’s energy investments are increasingly shifting to other jurisdictions and that is likely to continue without strong government action. I hope that your government will be even more proactive in securing market access which will assure the competitiveness of Canadian energy companies.”

He added, “Market access is critical to an investment in a Canadian energy company and if that continues to be under threat, global investors will seek opportunities elsewhere and Canadian companies will be further impaired. Increasingly, investors are questioning the merits of investing in Canadian energy and with that, Canadian companies will struggle to access capital, create jobs, develop resources and provide a significant revenue stream for the country.”

Of course, this will get even worse. The Trudeau government is taking more and more steps against the industry, including with Bill C-69. Brett Wilson has said he’s terrified by the ‘lunacy’ of the legislation, which will make it almost impossible for pipelines to be approved.

So, the exodus of capital will continue, and Canadians will continue to pay the price for a government that would rather virtue-signal for global elites than support Canadian energy.

Spencer Fernando

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.Peter black

Mark my words .Gerry Butts is at the bottom of this cesspool and Trudope follows like a little puppy. We need Energy East badly. To hell with shipping our crude a lousy prices. Canadian refinery value added plus reducing Texas discount plus no more foreign oil and you are looking at trillions of economic advantage

Tim Atchison

Very true only if these idiots would listen

Frances

Rather think investors are turning away from Canada in general. Though Premier Ford may be reversing things in Ontario.

Don Taylor

TRudeau should be barred from Canada,before he destroys our country

Bruce

Every Canadians should be incensed by the Trudeau/Butts/Mckenna assault on western oil & gas industry. The country is on the slippery slope to financial collapse. The young generation must vote the Liberals and NDP out of power if they are to have a chance at a prosperous future, owning a condo or house or saving for…anything.

Ivan Hawkes

People can SCREAM as loud as they want, and dangle from bridges too. But until there is a VIABLE & RELIABLE alternative we have no actual options. When those who scream about climate and blame carbon producing energy have established a realistic and available alternative I’ll listen to them. Until then they should shut up. Tell us how the big ships will transport all of your precious purchase goods to you, or how the huge trains and trucks will bring you your toys and foods. Tell us how you will power your portable generators and farm tractors. Get real you… Read more »

Ken (Kulak)

Turning investors away from Canada’s energy industry is part of the Liberal plan. PM Butts is out to shut down the energy industry and it seems he will be largely successful in one four year term. Meanwhile Mr. Drssup is cavorting around.

Brian Dougan

Anyone remember Ross Perot? He ran against Bill Clinton in the 1992 presidential election. Ross was against North American free trade, and famously quipped: “What’s that giant sucking sound? That’s the sound of American jobs going south to Mexico.” In 2018; we can say the same thing about the Canadian energy industry being vacuumed south; into the USA. Thanks Trudope!! What a swell guy!! Encore!! (Pssst…here’s an inside stock tip: The tin cup industry is set to explode in Canada; particularly in Alberta.)