Offshore
In Canada’s offshore, a robust regulatory regime governs all offshore activity and offshore operators are committed to developing resources responsibly.
Carbon Leakage
Carbon leakage is a shift of greenhouse gas emissions from one part of the globe to another, so from one country to another. This occurs when companies choose to move oil and natural gas production to a region with lower costs, but often fewer or no environmental regulations. As a result, there is no reduction […]
CAPP Forecasts Capital Investment for Canadian Oil and Natural Gas Sector to Reach $40.6 Billion in 2024
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.
Our Communities Care: Study Traces British Columbia’s Natural Gas and Oil Supply Chain Investment Across 140 Municipalities, Providing Significant Local and Indigenous Business Opportunities
The study concluded, “A strong upstream natural gas and oil supply chain, as demonstrated by the thousands of businesses working in B.C. between 2018 and 2021, can help us achieve our collective goal of a decarbonized future.
2023 BMO-CAPP Energy Symposium Investor Conference Opening Remarks
April 5, 2023 - It gives me great pleasure to welcome you to the BMO Capital Markets and CAPP Energy Symposium.
2023 Energy NL Conference – Newfoundland and Labrador’s Offshore: An Opportunity Reimagined
"Although I have visited this province many times, this is the first time I get to address an audience in Newfoundland and Labrador, thanks to Energy NL – an organization we have partnered with for many years."
Greenhouse Gas Emissions
Reducing GHG emissions is a global challenge, and Canada’s oil and natural gas industry is committed to decreasing GHG emissions generated for each barrel of oil and cubic metre of natural gas produced. The challenge: to reduce GHG emissions while meeting the growing demand for energy in Canada and globally.
Statement from The Canadian Association of Petroleum Producers (CAPP) on the federal government emissions cap framework
"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."