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ARTICLE · 07 APRIL 2025

Canada's Changing Energy Outlook

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Canada had generally embraced the imperative to move towards net-zero emissions, with both federal and provincial governments announcing a suite of initiatives to encourage renewable energy...

CanadaEnergy and Natural Resources
Charles Keizer
Charles Keizer
Daliana Coban
Daliana Coban
Gino Bruni
Gino Bruni
Peter Danner
Peter Danner
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We examine the status of Canada's energy sector with a view toward what has changed in response to recent geopolitical developments and what is on the horizon.

The outlook before 2025

Canada had generally embraced the imperative to move towards net-zero emissions, with both federal and provincial governments announcing a suite of initiatives to encourage renewable energy development and other carbon reduction projects, such as carbon capture and storage. However, concerns over affordability and reliability have grown in response to the ambitious timeline set to reach net-zero emissions by 2050. Now, at the start of 2025, Canada is further shifting its energy priorities in response to the rapidly changing geopolitical environment.

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