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Canada versus Australia: Oil and Gas

The tale of the Canadian and Australian oil and gas extraction sectors over the past decade is one of diverging paths when examining trends for such key metrics as employment and GDP, with the potential for a quicker recovery in government revenues in Australia. While the oil and gas extraction sector in Canada continues to contribute to GDP, create high-paying jobs and generate billions of dollars annually for provincial and federal governments, regulatory uncertainty, a lack of market access and environmental pressures have contributed to slowed investment. Source: Canadian Energy Center

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