Energy and Mines Ministers discuss ways to bolster competitiveness of Canada’s petrochemical sector at 2018 conference
September 06, 2018
The competitiveness of Canada’s petrochemical sector was on the agenda for the federal, provincial, and territorial energy and mining ministers gathered at the Energy and Mines Ministers’ Conference in Iqaluit August 12-14.
Notably, the Gas Processing Management Inc. (GPMi) shared a report surveying the competitiveness landscape for Canada’s petrochemical industry when compared to the U.S. It identified policies and programs that best support future development of this industry in Canada, echoing many of CIAC’s similar findings, and providing further support for the federal government to move on policy actions to mitigate against U.S. tax reform impacts eroding investment competitiveness in Canada, such as the accelerated capital cost allowance.
Read the GPMi report summary draft here