CAPP regularly issues news releases related to occurrences in Canada’s oil and natural gas industry. Check this page regularly for the latest new releases.
April 16, 2024 (Calgary, Alberta) Statement from Lisa Baiton, CAPP President & CEO: Canada’s world-class resource base stands as one of our foremost competitive advantages. The Bank of Canada has warned that weak productivity and low business investment is a national emergency. An economic and public policy environment that leverages Canada’s world-class resource base to […]
Canada is falling behind our international peers in attracting investment to enable major projects that power our economy, create jobs, and prosperity for Canadians because of our overly-complex and constantly changing policy environment.
Mar 14, 2024 (Calgary, Alberta) “Additional natural gas corridors are integral to unlocking Canada’s potential as a global supplier of responsibly produced liquefied natural gas (LNG). The sale of the Prince Rupert Gas Transmission Project to the Nisga’a Nation and Western LNG is another example of the integral role Indigenous leadership is playing in advancing […]
Prime Minister Mulroney’s pride and passion for Canada was evident. We mourn the loss of a thoughtful public policy maker, political leader, and business champion. We also celebrate his legacy, and offer our sincerest condolences to his family, friends and loved ones.
The Canadian Association of Petroleum Producers (CAPP) is forecasting capital expenditures for the upstream oil and natural gas sector will reach $40.6 billion in 2024, rising slightly from an estimated actual investment of $39 billion for 2023.
“The British Columbia (B.C.) government announced they will not proceed with proposed amendments to the Land Act. "
“CAPP is pleased to see the inclusion of the First Nations Equity Financing Framework in BC Budget 2024. This commitment to co-develop an Indigenous Loan Guarantee Program with First Nations and the federal government will ensure that Indigenous communities can finance an equity stake in projects."
"We recognize the merits of reducing methane emissions in an ambitious, efficient, and technically achievable way. Over the past decade the conventional upstream sector has reduced methane emissions while growing production and is on track to exceed the current federal government target of a 40 to 45 percent reduction by 2025."
"The Canadian Association of Petroleum Producers does not support the draft framework and asks the Government of Canada to not proceed with an unnecessary proposed cap-and-trade emissions cap on the oil and natural gas sector."
"LNG facilities on the U.S. Gulf Coast are also offering Canadian producers an opportunity to export their natural gas globally. Given the highly integrated nature of the North American energy market, CAPP is disappointed in the White House decision to pause license approvals for LNG to non-FTA countries.”
CALGARY, AB, Dec. 13, 2023 Today the Canadian Association of Petroleum Producers (CAPP) released a series of energy research presentation books. These documents are unique to CAPP and intended to provide Canadians, policymakers, and the media with credible, research-based information about Canada’s oil and natural gas industry. These are the first four of a series of books that […]
"An emissions cap on the upstream oil and natural gas industry is unnecessary, given the longstanding carbon policies which already have Canada well on its way to meet or exceed emission targets."