CAPP projects investment in Canada’s natural gas and oil sector will rise to $32.8 billion in 2022
Jan 20, 2022 – CAPP is forecasting a 22 per cent increase in natural gas and oil investment in 2022. Capital spending in the sector is expected to grow by $6.0 billion to reach $32.8 billion, compared to an estimated total investment of $26.9 billion in 2021.
CAPP and Energy Associations from Around the World Call on COP 26 Delegates to Recognize the Necessary Role of the Natural Gas and Oil Industry in Meeting the Goals of the Paris Agreement
Nov 5, 2021 – Today, both developed and developing nations face rising energy insecurity in a context of poorly designed energy and climate policies.
Canada’s Oil and Natural Gas Industry Plays Key Role in Indigenous Prosperity
Oct 28, 2021 – CAPP ESG report shows Indigenous resource economy worth more than $2.6 billion.
CAPP Statement: Enbridge’s Announcement of the Substantial Completion of the Line 3 Replacement Project to be Operational from October 1st
Sept 29, 2021 – This vital piece of infrastructure will improve access to oil markets in North America, while strengthening Canada’s position as a responsible, affordable and reliable energy provider.
CAPP Statement: Caisse de Dépôt et Placement du Quebec’s decision to divest from oil producing companies by end of 2022
Sept 28, 2021 – Natural gas and oil demand is rapidly rising and is expected to reach record levels within the next year and stay there for decades to come.
CAPP Statement on the Liberal minority government
September 20, 2021 – CAPP congratulates Prime Minister Trudeau and all new and returning Members of Parliament.
CAPP Statement: Terra Nova Asset Life Extension Project Moves Forward
September 10, 2021 – CAPP welcomes the news the Terra Nova Asset Life Extension project will move forward and drive Newfoundland and Labrador’s economic recovery.
Canada’s Oil and Natural Gas Industry Demonstrates Transparency and Performance with Report on Emissions
July 21, 2021 – CAPP emissions report first in a series of planned industry environment, social and governance (ESG) disclosures.
CAPP Statement: Continuing with the Development of the Terra Nova Asset Life Extension Project
June 16, 2021 – Today’s agreement in principle to continue with the development of the Asset Life Extension Project, with the intent to move to a sanction decision in the fall is welcome news.
CAPP Reaction to the Federal Government’s Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience
April 19, 2021 – CAPP will continue to review the federal budget to fully understand the details; however, the emphasis on clean technology innovation and a lower emissions future is in line with industry’s goals.
2021 Scotiabank CAPP Energy Symposium
March 31, 2021 – The 2021 Scotiabank CAPP Energy Symposium will take place on April 6-7 in a virtual format. This year’s keynote speakers, fireside chats and panels will be hosted as a video webcast on a WebEx platform.
CAPP Statement: Supreme Court of Canada upholds Constitutionality of Federal Carbon Tax
Mar 25, 2021 – Based on the Supreme Court of Canada’s decision, it will be important for the federal government and provinces to work together to support Canada’s environmental and economic objectives.
Oil Sands Procurement from Indigenous Suppliers Increases to $2.4 billion
Feb 18, 2021 – A survey by the Canadian Association of Petroleum Producers (CAPP) of oil sands producers shows the increasing role of Indigenous suppliers to the industry. In 2019, about $2.4 billion was spent on procurement from Indigenous businesses; 16 per cent higher than in 2018 and 53 per cent higher than in 2017.
The Offshore Oil and Gas Industry is Critical to Newfoundland and Labrador’s Economic Future: CAPP’s Newfoundland and Labrador Energy Platform
Feb 1, 2021 – The Canadian Association of Petroleum Producers (CAPP) has released its Newfoundland and Labrador Energy Platform, highlighting the critical role of the offshore oil and natural gas industry in the province’s economic recovery.
Natural Gas and Oil Industry Investing in Canada’s Economic Recovery
Jan 13, 2021 – CAPP forecasts an increase of more than $3 billion in planned upstream spending for 2021
CAPP Statement: Canadian Government’s Environment and Economy Plan
Dec 11, 2020 – We note the positive decision by government to limit the application of the Clean Fuel Standard to liquid fuels in response to concerns raised by Canadians as well as the business community.
CAPP Statement: Canadian Net-Zero Emissions Accountability Act
Nov 19, 2020 – Any pathway to net-zero includes the efficient use of oil and natural gas. There are important opportunities for industry to contribute given our expertise in these areas.
CAPP Statement: Election of Joe Biden as President of the United States of America
Nov 9, 2020 – The United States remains Canada’s largest customer for natural gas and oil exports and the decades of cooperation on energy trade has delivered immense benefits to both of our countries.
CAPP Statement: 2020 Call for Bids Results in Newfoundland and Labrador
Nov 4, 2020 – While investment decisions can be impacted by a variety of factors including fiscal challenges and the pandemic, putting the right policies in place will help improve competitiveness.
CAPP Statement: Saskatchewan Election
Oct 27, 2020 – The province’s petroleum sector plays an important role in economic recovery, creating jobs and boosting provincial revenues.