CAPP

Canada could lose $55 billion in oil investment if emissions cap Is implemented

May 28, 2024

Oil Price Canada’s oil and gas industry could lose US$55 billion (C$75 billion) in upstream investment by 2035 if the federal government implements a stringent 40% emissions cap from 2030, the Canadian Association of Petroleum Producer (CAPP) says, citing a report by S&P Global Commodity Insights it had commissioned. At the end of last year, Canada’s federal government introduced a draft framework to

Canadian Senate Committee Nixes Oil Tanker Moratorium Act that would Prevent Energy Exports from B.C.

May 16, 2019

The Senate Standing Committee on Transportation last night voted to defeat Bill C-48, the Oil Tanker Moratorium Act. “Bill C-48 would do virtually nothing to address legitimate marine safety concerns of local communities regarding thousands of cruise ships, fueling and other types of vessels that traverse Northern British Columbia waters on an annual basis; it contains no measure to improve

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Canada Missed Out on Three ‘Nation-Building’ Energy Projects in 2017

October 13, 2017

Three major energy infrastructure projects have been cancelled in Canada in recent months. These were pipelines and related export facilities that would have taken Canada’s oil and natural gas into new markets and allowed Canadian producers additional revenue opportunities and a chance to grow their own production. The projects would have cemented Canada’s long-term energy viability, by transporting energy both

Canadian Oil and Gas Spending Expected to Drop 62% by the End of 2016

April 7, 2016

Canadian Association of Petroleum Producers forecasts a $50 billion drop in spending The dramatic fall in oil prices has been felt around the world, particularly in major oil producing countries like Canada, where the benchmark WCS crude oil sells at a significant discount to global benchmark Brent crude. Because producing from Canadian assets has become increasingly uneconomical, operators are cutting

CAPP Annual Forecast: Canadian Production to Grow by 43% by 2030

June 12, 2015

Oil sands remain the primary driver of Canadian production The Canadian Association of Petroleum Producers (CAPP) released its annual Crude Oil Forecast, Markets and Transportation report for 2015, projecting Canadian crude oil production to grow 43% to 5.3 MMBOPD by 2030. CAPP expects most of this increased production to come from the Canadian oil sands. According to the 2015 report,

Canada could lose $55 billion in oil investment if emissions cap Is implemented

Canadian Senate Committee Nixes Oil Tanker Moratorium Act that would Prevent Energy Exports from B.C.

Canada Missed Out on Three ‘Nation-Building’ Energy Projects in 2017

Canadian Oil and Gas Spending Expected to Drop 62% by the End of 2016

CAPP Annual Forecast: Canadian Production to Grow by 43% by 2030

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