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: 2025-03-30
End Date: 2025-04-05

Top Headlines

Main Stories

Canadian Primary Energy Production Increases

StatsCan reported a 7.8% year-over-year increase in Canadian primary energy production in January 2025, reaching 2.1 million terajoules, marking the second-highest level since 2020. This data highlights robust growth in the energy sector, which industry stakeholders may want to monitor for future trends.

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

Ontario Doubles Hydrogen Innovation Fund

Ontario announced an increase in its Hydrogen Innovation Fund to $30 million, aimed at expanding hydrogen's role in the energy system. This investment could drive economic growth and job creation across sectors like transportation and manufacturing.

Sources: Provincial Announcement: news.ontario.ca

Provincial Announcements

Alberta Releases Mature Asset Strategy Report

Alberta's government unveiled the Mature Asset Strategy report, outlining 21 recommendations for managing oil and gas assets nearing their productive life. The strategy aims to balance economic growth and environmental sustainability, focusing on inactive wells and legacy infrastructure.

Sources: Provincial Announcement: www.alberta.ca

Support for Rural Utilities in Alberta

Alberta allocates $8.5 million for rural utility access, aiding communities with gas, power, and water services.

Sources: Provincial Announcement: www.alberta.ca

Public Officials' Social Media

Criticism of Mark Carney's Emissions Cap

MP Damien Kurek labeled Mark Carney's oil and gas emissions cap as "stupid," citing potential job losses of 54,000 and a $20 billion hit to the economy. This cap, according to critics, could deepen Canadian reliance on U.S. energy imports, presenting significant challenges for the sector.

Sources: Social Media: x.com

Mark Carney's Emissions Cap Controversy

Critics argue that Carney's emissions cap will undermine Canada's energy sector, threatening jobs and economic stability.

Sources: Social Media: x.com

Senator Rosa Galvez on Oil and Gas Exploitation

Senator Galvez shares concerns over health impacts on indigenous peoples from oil and gas exploitation in South America.

Sources: Social Media: x.com

Senator Leo Housakos on Carbon Tax

Senator Housakos criticizes the carbon tax, urging voters to support Pierre Poilievre for permanent relief.

Sources: Social Media: x.com

Senator Leo Housakos Questions Cabinet Confidence

Senator Housakos questions PM Carney's confidence in ministers responsible for economic and environmental policies.

Sources: Social Media: x.com

MP Greg McLean Advocates Policy Changes

MP McLean calls for repealing laws to build new pipelines and LNG terminals, aiming for energy independence.

Sources: Social Media: x.com

What We're Reading This Week

• Poilievre commits to Canada's oil and gas sector: Insights from Poilievre's campaign stop focusing on energy sector support.
• New Era in Energy Lending: US Banks Reassess Fossil Fuel Investments: U.S. banks reconsider fossil fuel investment strategies.
• BP Begins Promised Major Oil and Gas Project Start-ups: BP initiates major projects in oil and gas.
• Oil Prices Under Pressure: Analysis on oil prices amidst tariffs and economic slowdown.
• Market Factors: The bullish case for Canadian oil and gas stocks: Examination of factors supporting Canadian oil and gas stocks.