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