With increased pipeline capacity following the completion of the Trans Mountain Expansion (TMX) and LNG Canada projects, combined with the new U.S. administration’s strong interest in securing more affordable energy, CAOEC said Canada’s growth potential in oil and gas is only expected to increase.
Caveat
But the Association said policies like the oil and gas emissions cap and anti-greenwashing provisions in Bill C-59 have left Canada’s energy sector in a difficult position, weakening its investment climate and creating additional uncertainty at a time when affordability and global energy security are already under threat.
“The Trump administration will have profound implications for Canada’s economy as it adopts a pro-business agenda and seeks to expand the US energy sector, CAOEC said in a news release on Friday.
President and CEO Mark Scholz warned that unless Canada responds with its…
