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Canada Politics Midstream
Vincent Lauerman
Calgary
5 June 2025
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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

In the face of threats to Canada’s economy and sovereignty by the second Trump administration, the federal throne speech opening a new session of the Canadian parliament on 27 May—read by British monarch King Charles III—reiterated the freshly minted Mark Carney government’s commitment to making the country the “world’s leading energy superpower in both clean and conventional energy”. “Canada’s energy sector is already world-class and increasingly global with new infrastructure access for oil via [Trans Mountain Pipeline Expansion: TMX], NGLs and soon gas via the imminent startup of LNG Canada Phase 1,” Mark Oberstoetter, vice president of research for consultancy Wood Mackenzie, told Petrol

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HPI Market Data Book 2026: Global construction – Americas
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Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true

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