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ARTICLE · 05 MARCH 2025

Paving The Path To Net Zero: Energy Transition Developments In Canada For 2024

McCarthy Tétrault
McCarthy Tétrault
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Canada's energy transition – a shift toward cleaner, more sustainable energy sources – continues to accelerate through significant policy and regulatory actions.

CanadaEnergy and Natural Resources
Kerri Howard
Kerri Howard
Kimberly Howard
Kimberly Howard
Derek Baker (Associate)
Derek Baker (Associate)
Gwenyth Wren
Gwenyth Wren
Riley M. Thackray
Riley M. Thackray
Stephan Possin
Stephan Possin
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Canada's energy transition – a shift toward cleaner, more sustainable energy sources – continues to accelerate through significant policy and regulatory actions. Several key initiatives were introduced or developed in 2024, including emissions caps for the oil and gas sector, advancements in nuclear and hydrogen strategies and updated clean electricity regulations. This article highlights the most important developments from the past year, offering insight into their implications for Canada's journey to net-zero emissions.

1. PROPOSED OIL AND GAS SECTOR GREENHOUSE GAS EMISSIONS CAP REGULATIONS

On November 4, 2024, the Government of Canada released its proposed Oil and Gas Sector Greenhouse Gas Emission Cap Regulations (the "Regulations"), establishing a cap-and-trade system that will apply to a wide range of industrial activities within the oil and gas sector, including onshore and offshore oil and gas production, oil sands production and upgrading, natural gas

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