Clarity on the economy.
Context for what comes next.
The Energy desk
Canadian energy markets, project milestones and the transition in how energy is produced and used.
Ottawa has moved the West Coast Oil Pipeline, branded Pacific Link, into a national-interest process. The available record shows a new federal review path, but not financing close, final conditions, construction permits or measured economic results.
Natural Resources Canada’s September 3, 2026 Version 2.0 guidance for the Clean Hydrogen Investment Tax Credit does not create a new credit. It sets out the equipment rules, project-plan documents and ongoing reporting framework that sponsors need to line up before and after a claim.
The North Coast Transmission Line now has a verified Phase 1 construction start and public funding commitments. But the record still stops short of full financing, final Indigenous ownership closings, power-service terms and a complete schedule, limiting what businesses can safely assume.
A new Canada Energy Regulator snapshot shows the Montney supplied 45% of Canadian gas production in 2024 and could reach 63% by 2035 in one scenario. That increases the commercial importance of transport capacity, export timing and provincial exposure, not just drilling results.
The refined-products category includes condensate used to move bitumen. That makes the national import total a poor substitute for a measure of retail fuel demand.
Revised historical data show a much larger installed base by 2023. For contractors, accumulated equipment and annual installation demand are different markets.
The regulator’s public-review page now records the consultation as closed. Equinor still presents investment and production dates as future project milestones.
The regulator’s latest snapshot shows economic growth alongside lower emissions. Its baseline is a comparison tool, with a policy cutoff and no assigned probability.
