for Climate Policy
Although the carbon tax proposed by Canadian Prime Minister Justin Trudeau will likely cause more stress for the country's oil industry, it may lead to approval for much-need oil pipelines.
With the country enjoying a period of energy abundance and low prices at the pump, voters aren’t as concerned about what’s happening in the global oil market. That showed in the first presidential debate between Hillary Clinton and Donald Trump.
Picking Ken Salazar and John Podesta for high-level positions provides little clarity regarding energy and the environment policy since both advisers have different philosophies and it’s unclear which side would win out under a Clinton administration.
Flagging investment, price and infrastructure challenges, and the coming election are contributing to a grim outlook for Canada's oil industry.