Canada’s oil sands industry continues to attract uncertainty rather than investment, the industry’s leading lobby group warns. Dogged by an unpredictable regulatory landscape, oil sands investment will fall for a fourth consecutive year, according to an annual report by the Canadian Association of Petroleum Producers (Capp). It puts capital investment in oil sands at C$12bn ($9.25bn) this year, down by C$1bn from 2017 and only a third of that in 2014 - before crude prices tumbled from over $100/bl.
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