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HPI Market Data Book 2026: Global construction – Americas
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
Canadian producers positioned to ride out the downcycle
The country’s upstream players have demonstrated resilience to low oil prices and are well positioned to prosper despite a volatile market
Canada's oil growth optimism
Companies are bullish despite combined effect of market volatility, tariff threats, regulatory issues and midstream constraints
Canada’s Asian pivot faces hurdles
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
Alberta’s energy hub sees silver lining
US tariffs bolster Alberta’s Industrial Heartland exports to Asia
Gas should fare better than oil under Canada’s new regime
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
Indigenous opposition may slow Canadian fast-track
Federal and provincial governments have passed legislation to speed the development of hand-picked projects, but failure to win Indigenous support may stymie their plans
Canada enters the global LNG race
Owing to social, political and geographical factors, Canadian LNG projects are a complex proposition versus competing facilities on the US Gulf of Mexico
Energy NL upbeat on Newfoundland despite industry doubts
CEO argues the upstream potential remains huge as analysts question future oil production for Canadian province’s offshore industry
Canada’s energy superpower ambition
The new government is talking and thinking big, and there are credible reasons to believe it is more than just grandstanding
The government may have promised to slash hydrocarbon production, but it has made very little concrete effort to date
Opinion
Canada Net zero Decarbonisation
Vincent Lauerman
Calgary
28 October 2021
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Letter from Canada: Under siege oil sands pledge support for emissions cuts

Critics highlight that the energy sector needs to accelerate decarbonisation if Canada is to meet its climate goals

 Canada has yet to walk the talk on carbon emission reductions. And to a great extent this can be blamed on rapidly rising emissions from the country’s oil and gas industry, especially the oil sands. On the eve of the Cop26 climate conference in Glasgow, prominent environmentalists and sympathetic thinktanks have released commentary and research reports arguing that Canada must shutter its oil and gas industry to achieve its international commitments—cutting emissions to 40-45pc below 2005 levels by 2030 and reaching net zero by 2050. One of Canada’s most famous environmentalists, Tzeporah Berman, wrote that during the recent election campaign Prime Minister Trudeau’s Liberal Party had prom

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