Canada Energy Regulator has released its latest round of long-term energy scenarios
CER provides narrow view of Canada’s oil production future
The worst possible future for the country’s oil producers goes underexplored in scenario planning
The Canada Energy Regulator (CER) released Canada’s Energy Future 2021, its latest round of long-term energy scenarios, in early December. It introduced three scenarios—Current Policies, Evolving Policies and Towards Net-Zero—early in the report (see Fig.1). But, perhaps tellingly, it provided fully modeled results for only the two lower-carbon scenarios that are relatively benign for the future of Canadian output. By failing to do so for its Towards Net-Zero scenario, the CER has provided a much narrower of view of Canada’s potential oil production going forward. Ironically, the regulator implicitly acknowledges this point when it writes that production levels could be “significantly lower”
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”
