The Canadian oil and gas sector will likely see investors continue to head south to the United States due to Canada’s higher taxes, more restrictive regulatory regime, and lack of pipeline capacity, a Fraser Institute study suggests. “Financial capital is mobile, so policy-makers in Canada must understand that government policies have helped facilitate the flight of oil and gas investment from Canada to the U.S.,” said study co-author Steven Globerman, a professor emeritus at Western Washington University and a Fraser Institute resident scholar, in an Oct. 13 press release. The study, titled “The Investment Outlook for the Canadian and US Oil and Gas Sectors,” noted that despite a recent recovery in crude oil prices in both countries, Canada’s economic activity in the upstream segment—exploration and production—continued to decline while U.S. activity in that segment increased with a modest recovery in crude oil prices in 2017 and 2018. Survey results and reports prepared …