“Canada is facing an increasingly uncertain geopolitical environment and a world in which the global trade order is being reshaped at a pace unseen in modern history. After a decade marked by project delays, Canada must act with urgency to strengthen its position in trade negotiations, whether with the United States or other major global players.
The best way to achieve this is by rapidly advancing major nation-building projects that connect Canadian products to a more diversified global customer base. CAPP is encouraged by the federal government’s flexibility and efforts to work with the provinces to accelerate the approval process for major projects. To continue to rebuild investor confidence and economic competitiveness, in parallel the federal government also needs to take hard look at the current inefficient and cumbersome regulatory environment. CAPP strongly supports doubling the Indigenous Loan Guarantee Program to encourage greater equity ownership and deeper participation of Indigenous leadership in projects that build the nation and strengthen the economy.
In today’s volatile geopolitical climate, oil and natural gas remain among Canada’s strongest assets. CAPP estimates there are currently $26 billion worth of oil and natural gas industry-related projects under construction, with more than $100 billion in additional projects planned or awaiting final investment decisions. These include LNG export facilities, pipelines, carbon capture projects, and upstream developments, all backed by proponents ready to invest billions in Canada.
These projects will expand access to global markets, create jobs for Canadians, and help build a more energy-secure and economically sovereign nation. Canada’s oil and natural gas industry is ready to build, ready to grow, and ready to play its part in rebuilding our economy, securing our country, and strengthening our sovereignty.”
- Lisa Baiton, CAPP President & CEO