This is Queen Street Analytics' weekly digest of regulatory developments, legislative discussions, political announcements, and other government-related news concerning power generation and transmission, wind and solar, utilities, midstream companies, batteries and energy storage, LNG, biofuels, as well as nuclear. Once a week, we break down the most important updates in this space in under five minutes.

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Dates: 2026-02-15 to 2026-02-21

📋 In This Week's Newsletter

• 🏛️ This Week's Parliamentary Calendar
• 🇨🇦 Federal Government News
• 🗺️ Provincial Government News
• 💬 Government Consultations
• 📚 What We're Reading This Week

This Week's Parliamentary Calendar

• Committee: Environment and Sustainable Development – Draft Report on 2030 Emissions Plan: On February 24, the Environment and Sustainable Development Committee will meet at 3:30 p.m. to review the effectiveness and potential improvements of Canada’s 2030 Emissions Reduction Plan, with consideration of a draft report planned.
• Committee: Public Safety and National Security – Clause-by-Clause Review of Bill C-8 (Cybersecurity): The committee will conduct clause-by-clause review of Bill C-8, addressing cyber security and amending telecommunications legislation, on February 24, with key witnesses from the Communications Security Establishment and Public Safety.
• Committee: National Defence – Critical Minerals Sector and National Security: On February 23, the National Defence Committee will hear from industry and chamber of mines representatives regarding links between the critical minerals sector and Canada’s national security.
• Senate Banking, Commerce and the Economy – Review of Bill S-3: Measurement and Inspection Acts: On February 25, the Senate committee will examine Bill S-3—which affects the Weights and Measures Act and Electricity and Gas Inspection Acts—with industry testimony expected from Canadian Fuels Association and the Sub-metering Council of Ontario.
• Senate Transport and Communications – Update on Critical Transportation Infrastructure: On February 24, the committee will discuss developments in Canada’s critical transportation infrastructure with input from Transport Canada, Public Safety, and Environment and Climate Change Canada officials.

Federal Government News

StatsCan Releases December Energy Transportation and Storage Data

Statistics Canada published the Monthly Energy Transportation and Storage Survey for December 2025, detailing the movement and storage of crude oil and liquid petroleum products. Utilities and power sector entities can review the dataset for figures on volumes transported by pipeline, rail, and marine modes, as well as storage inventories. The survey provides granular inputs that inform transmission planning and system reliability assessments at a national level. Data from the report serve as inputs for energy demand forecasting and infrastructure investment analyses. The figures are available through Statistics Canada's online portal as of February 20, 2026. Entities tracking regulatory compliance and market trends in logistics and storage will find this resource integral to near-term operational planning.

Sources: www.statcan.gc.ca

International Trade in Environmental and Clean Technology Products, 2024

Statistical data released February 17, 2026, shows Canada exported $20.2 billion of environmental and clean technology products in 2024, a decline of 5.2% year-over-year. Imports of these product categories reached $35.8 billion, up 2.8% from 2023. These products accounted for 2.0% of Canada's total imports and 3.5% of total exports in 2024. The dataset provides industry participants with trade flows by origin and destination, presenting a snapshot of sector competitiveness. Market participants engaged in clean energy generation and grid modernization can access details by product type and trading partner, informing risk assessments related to supply chain resilience and cross-border equipment procurement.

Sources: www.statcan.gc.ca

Provincial Government News

Nova Scotia Approves Fast-Acting Power Generation Facilities for Peak Demand

Nova Scotia's Independent Energy System Operator has received environmental assessment approvals to construct two new power generation facilities designed to manage grid reliability during periods of peak demand; proposed sites in Pictou County will use natural gas as a primary fuel.

Sources: news.novascotia.ca

B.C. Launches Enhanced Social Housing Energy Savings Program

British Columbia is offering eligible social and non-profit housing providers access to up to $800,000 in funding for electrical upgrades via a new energy savings program, targeting electrification and emissions reduction in social housing.

Sources: news.gov.bc.ca

Nova Scotia Invests in Municipal Infrastructure

Nova Scotia has allocated $15 million for 18 infrastructure projects through its Growth and Renewal for Infrastructure Development Program, supporting water, stormwater, and transit initiatives to build municipal capacity.

Sources: news.novascotia.ca

Québec and California Hold 46th Joint Carbon Market Auction

Québec and the California Air Resources Board conducted the 46th joint GHG emissions units auction on February 18, offering over 54 million emission units for the current auction and nearly 6.5 million additional units for 2029 vintage, with results to be posted February 25.

Sources: www.quebec.ca

Ontario Accelerates Great Bear Gold Mine Under 'One Project, One Process'

Ontario designated Kinross Gold's Great Bear Project for fast-tracking through its new permitting program, supporting development of a gold mine projected to generate over 1,000 jobs and connected early to energy infrastructure.

Sources: news.ontario.ca

Government Consultations

Consultation on REGDOC-2.13.1: Safeguards and Nuclear Material Accountancy Open

The Canadian Nuclear Safety Commission is consulting until April 27, 2026, on REGDOC-2.13.1, which establishes requirements for nuclear material safeguards and accountancy for licensees across research, mining, and fuel-cycle operations.

Sources: www.cnsc-ccsn.gc.ca

Consultation on Draft Legislative Tax Proposals Including Clean Hydrogen and Carbon Capture Credits

The Department of Finance’s consultation on draft legislative tax proposals affecting qualified investments, clean hydrogen investment tax credits, and carbon capture tax credits remains open through February 27, 2026.

Sources: www.canada.ca

Consultation on REGDOC-2.13.2: Import and Export of Nuclear and Dual-Use Items

The CNSC is inviting input until February 27, 2026, on REGDOC-2.13.2, which offers guidance for licensees involved in importing or exporting controlled nuclear substances, equipment, or information.

Sources: www.cnsc-ccsn.gc.ca

What We're Reading This Week

• Private equity targets clean energy after steep drop-off in 2025: PE investment looks to rebound in clean energy markets in the wake of a challenging 2025.
• Costs of Big Batteries Are Tumbling and Can Boost Clean Power: Battery technology advancements are reducing costs, with implications for grid-scale energy storage.
• Why power grid capacity is not just an issue for Nova Scotia: A nationwide perspective on grid constraints and reliability challenges across Canada.
• Unit 3 MCR construction phase completed on plan, focus shifts to returning unit to service to power Ontario’s future: Major refurbishment milestone met on Ontario nuclear unit, with commissioning scheduled.
• THE INFRASTRUCTURE REALIGNMENT: 5 Stocks Positioning for the 2026 Supply Imperative: Infrastructure investment themes and publicly traded firms positioned for sector growth.
• Support for Mining Projects in B.C.: BC government coordinates advanced support for several critical minerals mining initiatives.

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