Canadian prime minister Justin Trudeau
Letter from Canada: Federal government attempts emissions strategy
Federal carbon pricing options may allow the central government to outflank provincial opposition
The Trudeau government surprised the Canadian oil and gas sector in the middle of July. As part of its consultation process to impose hard emission caps on the sector, the federal government offered a choice of two carbon pricing options: a sector-specific cap-and-trade system, or a modified carbon pricing system. The ultimate goal of these two options appears to be to force a reduction in Canadian oil and gas production, while avoiding a successful constitutional challenge from the producing provinces. The provinces have jurisdiction over resource development, but the federal government has the right to impose carbon taxes to combat climate change, based on a Canadian Supreme Court decision
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
