Top boss pay likely to rise even more as Trans pipeline expands Mountain will be completed this year.
Although data on executive compensation for 2023 is not yet publicly available, the Bedford firm already predicts that their compensation will increase in 2024.
The Trans Mountain pipeline expansion project, now 98% complete, is expected to add more than half a million barrels per day to Canadian oil export capacity.
Improved market access should help reduce the heavy crude differential Western Canada Select, the discount that Canadian oil companies generally give on their products, in part because of the lack of export capacity.
The Bedford therefore expects further increases in the compensation of executives in the Canadian oil and gas sector in the years to come.