Energy Industry Spending Down 31 Per Cent In 2019; To Decline Further For 2020: AER

Total Alberta capital expenditures in oil, natural gas and oilsands fell by 31 per cent in 2019 to $18.9 billion from $27.5 billion in 2018 although global capital spending was up, says the Alberta Energy Regulator (AER) in its annual energy outlook.

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