Good morning! Welcome back to Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news concerning oil and gas production, wells, drilling, petroleum and fuels refining, pipelines, LNG, hydrocarbons, and all Landman fans.

Every Monday, we break down the most important updates in this space in under five minutes.

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Start Date: 2025-03-16
End Date: 2025-03-22

Top Headlines

Main Stories

Federal Carbon Pricing Funds 38 Clean Technology Projects

The Government of Canada has announced nearly $150 million investment from the Output-Based Pricing System Proceeds Fund to support 38 Decarbonization Incentive Program projects. These initiatives aim to enhance energy efficiency and deploy advanced carbon-management technologies, reducing 544,100 tonnes of GHG emissions by 2030, while strengthening Canada's economic security.

Sources: Announcements: www.canada.ca

Government Backs Cedar LNG with $200 Million

The Cedar LNG project, set to be the largest Indigenous majority-owned infrastructure project in Canada, will receive up to $200 million from the Strategic Innovation Fund. This initiative, a partnership between the Haisla Nation and Pembina Pipeline Corporation, aims to produce ultra low-carbon LNG powered by hydroelectricity in Kitimat, B.C., aligning with Canada's climate and economic goals.

Sources: Announcements: www.canada.ca

Federal Investments Bolster Alberta's Clean Tech Sector

Alberta will see more than $8.3 million in federal funding for 13 projects aimed at advancing clean technologies in the energy and natural resource sectors. Projects include the Calgary Region Hydrogen Hub, which will receive significant investment to enhance regional collaboration and grow the hydrogen economy.

Sources: Announcements: www.canada.ca

Important Updates

Secondary Stories

Industrial Carbon Pricing Funds Clean Technology

The Output-Based Pricing System Proceeds Fund is investing nearly $150 million in 38 projects to promote clean technology and reduce emissions across provinces.

Sources: Announcements: www.canada.ca

Alberta's Clean Tech Sector Gets a Boost

PrairiesCan announces $8.3 million for Alberta, supporting projects like the Calgary Region Hydrogen Hub and advancing clean technology in multiple sectors.

Sources: Announcements: www.canada.ca

StatsCan Releases January Energy Transportation Data

Data on the transportation and storage of crude oil and other petroleum products for January 2025 is now available from Statistics Canada.

Sources: Open Government Data Set: www.statcan.gc.ca

February Data on Refined Petroleum Products Available

Statistics Canada has released data on the production and inventories of refined petroleum products for February 2025, available upon request.

Sources: Open Government Data Set: www.statcan.gc.ca

Carbon Market Auction Scheduled by Québec and California

Québec and California will hold a joint carbon market auction on May 21, 2025, with the application period closing on April 22, 2025.

Sources: Provincial Announcement: www.quebec.ca

Saskatchewan Joins Energy Security Coalition

Saskatchewan joins the Governor's Coalition on Energy Security, enhancing North American energy security with abundant oil and critical minerals.

Sources: Provincial Announcement: www.saskatchewan.ca

Provincial Announcements

Saskatchewan's 2025-26 Budget Supports Energy Development

Saskatchewan's 2025-26 budget allocates $350,000 for the Public Geoscience Initiative, supporting exploration and new mineral discoveries.

Sources: Provincial Announcement: www.saskatchewan.ca

Alberta Response to Build Canada Now's Energy Call

Alberta's leaders support calls for prioritizing energy projects, citing $280 billion in delayed or canceled projects under federal policies.

Sources: Provincial Announcement: www.alberta.ca

Alberta Protects Against Federal Emissions Cap

Proposed amendments to Alberta's Critical Infrastructure Defence Act aim to shield the province from federal emissions cap impacts.

Sources: Provincial Announcement: www.alberta.ca

Alberta Premier Demands Clarity on Emissions Cap

Premier Smith challenges the federal government on emissions cap policies, seeking clarity before upcoming elections.

Sources: Provincial Announcement: www.alberta.ca

Meeting Between Alberta Premier and Prime Minister

Premier Smith and PM Carney discussed Alberta's demands for energy sector freedoms, including repealing the 'no new pipelines act'.

Sources: Provincial Announcement: www.alberta.ca

Public Officials' Social Media

Ryan Williams Lists Canceled Energy Projects

MP Ryan Williams shared a list of 29 canceled or suspended energy projects in Canada, claiming a total investment loss of over $660 billion.

Sources: Social Media: x.com

Shannon Stubbs Criticizes Canada's LNG Policies

MP Shannon Stubbs criticized the lack of Canadian LNG export deals, pointing to regulatory delays and missed opportunities under Liberal policies.

Sources: Social Media: x.com

Jonathan Wilkinson Responds to Oil Sector CEOs

MP Jonathan Wilkinson shared his response letter to oil and gas sector CEOs, addressing industry concerns.

Sources: Social Media: x.com

Parm Bains Promotes Clean Hydrogen Economy

MP Parm Bains emphasized clean hydrogen as a vital step toward a low-carbon economy in Canada.

Sources: Social Media: x.com

Chris Warkentin Criticizes Oil and Gas Cap

MP Chris Warkentin highlighted a report claiming an oil and gas cap would kill 54,000 jobs and cost Canada $21 billion annually in GDP.

Sources: Social Media: x.com

Rick Perkins Questions Energy Dependence on the US

MP Rick Perkins discussed Canada's high energy export dependency on the US, urging policy changes.

Sources: Social Media: x.com

Jonathan Wilkinson on Atlantic Canada's Hydrogen Opportunity

MP Jonathan Wilkinson highlighted Atlantic Canada's hydrogen energy potential, citing new legislation and trade deals.

Sources: Social Media: x.com

What We're Reading This Week

• Canada's oil and gas industry warning federal politicians: Industry leaders caution about an energy crisis.
• Oil and gas investors face regulatory risks: Investors navigate headwinds in Canada and the US.
• Chevron's AI and Carbon Capture Strategy: Chevron's innovations in AI and carbon capture.
• Alberta's new process for delinquent operators: Alberta targets delinquent oil and gas operators.
• Crude Oil Outlook Amid Geopolitical Tensions: Bullish catalysts for crude oil due to global tensions.