Canadian Prime Minister Mark Carney (left) with Alberta Premier Danielle Smith
Gas should fare better than oil under Canada’s new regime
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
Canadian Prime Minister Mark Carney has been pounding the ‘build, baby, build’ drum for big natural resource and related infrastructure projects since winning the federal election in April. The aim is to support the domestic economy and diversify exports to overseas markets as the second Trump administration threatens Canada’s economy and sovereignty. This includes saying his Liberal-minority government will make Canada “into an energy superpower in both clean and conventional energy”. In late June, the Carney government passed Bill C-15 to fast-track handpicked projects of national significance through the federal regulatory and permitting process, opened the Calgary-based Major Projects Of
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
