Cancellation of $4 Billion Investment in Canada’s Energy Sector the New Normal, Says Former Energy Exec

Signage in favour of resource development is seen along Yellowhead Highway near Telkwa in northern British Columbia on Jan. 10, 2019. The Canadian Press/Chad Hipolito

The man who built Encana into one of Canada’s largest energy companies says blows to the nation’s resource sector, such as Berkshire Hathaway’s decision against investing $4 billion in Quebec’s LNG project last week, has become the new normal.

“We’ve had symptoms of companies, including the one I founded, leaving the country and the oil industry,” said Gwyn Morgan in an interview.