In recent months, a number of energy multinationals have withdrawn investment from Alberta in favour of cheaper, more accessible sources of shale oil elsewhere, mostly in Texas.
Even the industry can see the writing on the wall and is making alternate plans, investments in renewables. Apart from the Trump blip, so is much of the developed world. As too often happens, Canada, now led by Prime Minister Justin Trudeau, pictured with U.S. President Donald Trump at the White House on Feb. 13, sits on the sidelines and lets others take the risks—and reap the rewards. Photo courtesy of Donald Trump's Twitter