US States More Attractive for Petro Investment Than Canada, Oil Execs Say

Pumpjacks draw oil out of the ground near Olds, Alberta., on July 16, 2020. The Canadian Press/Jeff McIntosh

The United States is a more attractive environment for investment in the petroleum sector than Canada, according to a survey of industry executives.

Wyoming, for the second year running, was named the most attractive for investment in oil and gas exploration, beating out all of Canada’s provinces, according to the report from the Fraser Institute released on Jan. 9.