Canada Energy Regulator has released its latest round of long-term energy scenarios
CER provides narrow view of Canada’s oil production future
The worst possible future for the country’s oil producers goes underexplored in scenario planning
The Canada Energy Regulator (CER) released Canada’s Energy Future 2021, its latest round of long-term energy scenarios, in early December. It introduced three scenarios—Current Policies, Evolving Policies and Towards Net-Zero—early in the report (see Fig.1). But, perhaps tellingly, it provided fully modeled results for only the two lower-carbon scenarios that are relatively benign for the future of Canadian output. By failing to do so for its Towards Net-Zero scenario, the CER has provided a much narrower of view of Canada’s potential oil production going forward. Ironically, the regulator implicitly acknowledges this point when it writes that production levels could be “significantly lower”
Also in this section
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.
