Jared Park, a 30-year-old father of three is among a wave of East Coast workers who have returned home from the Western oilfields after a downturn in the economy.
Banfirst came into force when oil shortages were commonplace 40 years ago — a stark contrast to today's U.S. glut, thanks to fracking in operations in Texas and North Dakota.
Canadian Association of Petroleum Producers has estimated the downturn has slashed 40,000 jobs in the sector, mostly in Alberta, and has urged political leaders to keep competitiveness top priority.
Suncor Energy took a $4.5-billion all-stock offer directly to shareholders on Oct. 5 after attempts at inking a friendly deal were rebuffed by COS leadership in the spring.
Report's release comes as Canada's oil producers clamour for ways to get their oil to market and industry critics sound alarms over the safety of moving crude via pipelines, train and tanker.