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Since the Trudeau government was sworn in in November 2015, it has repeatedly sent signals that investors aren’t safe with Ottawa, either.

In an unguarded moment in Peterborough, Ontario in January 2017, Prime Minister Justin Trudeau admitted it was his goal to “phase out” Alberta’s oilsands. His government then capitulated to anti-oil sentiment in Quebec by moving the regulatory goalposts so dramatically that TransCanada cancelled its proposed Energy East pipeline from Alberta to New Brunswick. That meant Trudeau didn’t have to deal with angry protests in his home province.

The Libs’ then introduced their own nationwide carbon tax and more recently passed a bill (C-48) banning tankers full of Alberta oil from the waters off B.C.’s northern coast. And they passed C-69, which increases the power of regulators and Liberal cabinet ministers to hold up future pipeline approval.

Now, thanks to Vancouver’s Fraser Institute, we can quantify just how much the Liberals’ “green” extremism is costing Alberta and Canada.

Using Statistics Canada figures, it is possible to estimate that about $50 billion is bypassing Canada each and every year in favour of other country’s energy sectors, most noticeably the United States.

According to a study released by Fraser on Thursday, over the past three years investment in the oil and gas industry in the U.S. has risen by nearly triple the rate in Canada. Why? “Canada’s recent policy and regulatory changes have been particularly damaging given that deregulation and sweeping tax reforms in the United States have significantly improved the business environment in that country, particularly for the oil and gas sector.”