Category Archives: Investment

Investment

Originally posted 21 June 2016

Investment in Alberta is highly cyclical due to the resource base of the oilsands located in the Fort McMurray (Regional Municipality of Wood Buffalo) area. Since the federal and provincial governments agreed to a resource development framework in the late 1990s, tens of billions of dollars have been invested in both oilsands mining and in-situ facilities. Since 2005, one could argue that the whole Alberta economy has been driven by the investment boom in the Fort McMurray area as a number of large Canadian (CNRL, Suncor-PetroCanada, Nexen, Cenovus-Encana, Husky) and multi-national corporations (Exxon-Mobil, StatOil, Total, Shell) competed to exploit this resource base. Continue reading