Saskatchewan is the best place in Canada for oil and gas investment, according to an annual survey produced by the Fraser Institute. The B.C.-based think tank praised Saskatchewan for its stable energy policies, low royalties and clear regulations. Manitoba dropped to second place after coming in first among Canadian regions last year. No Canadian jurisdiction cracked the survey’s global top 10 in this year’s survey, but Saskatchewan came close, placing 11th out of the 136 regions included. The yearly rankings are based on consultations with over 500 senior executives and managers from international companies representing more than 60 per cent of annual spending on oil and gas exploration and production.
Monday, June 27, 2011