Yesterday marked the transition of the Canadian Government. Our Prime Minister of just under 10 years officially resigned his position and the new Prime Minister, along with his Cabinet, were sworn in. Of course, until Parliament convenes, the new Throne Speech is read, we are left wondering what this Liberal government means to our businesses and our economy.
There are still many of folks in the oil and gas industry who remember the devastating effects of the policies enacted by Trudeau the elder, especially the NEP from 1980 – 1985. We can only hope that Trudeau the younger understands that we exist in a global economy, and as such we must participate in a way that is economically viable and progressive for the country. The stated positions by the Liberals on the oil and gas industry and the new trade deal throughout the election were very broad, allowing much wiggle room should they win. Aside from stating that they would launch an immediate review of Canada’s regulatory process for oil and gas projects, they mostly made generic statements that they support various pipeline projects and the need for infrastructure. However, how they support this remains to be seen. As for the new TPP, the only comment made by the Liberal leader was that they were pro-trade. Read more “The Secret to Winning in Unsettled Times!”