“CAPP and our members have recognized and appreciate the significant change in tone from Prime Minister Carney’s new federal government on the opportunities that can be created by building on Canada’s oil and natural gas industry. This has been evidenced by conventional energy being included in the Throne Speech and as one of the few industries explicitly included in the Prime Minister’s mandate letter to his Ministers.
In the speech from the Throne, King Charles also spoke about how the federal government is looking for projects of national significance that will deepen Canada’s connections to the world and create high paying jobs for Canadians. CAPP estimates that the oil and natural gas industry alone has about $26 billion worth of projects under construction yet more than $100 billion planned or waiting for a final investment decision. These projects include LNG export facilities, pipelines, carbon capture projects, and upstream developments that have proponents ready to invest billions of dollars in Canada.
Canada’s oil and natural gas industry is ready to work with the federal government to build Canada into an energy superpower.”
- Lisa Baiton, CAPP President and CEO