Trudeau Resignation Puts Canada Energy Policy In Focus

The political upheaval in the world's fourth-largest oil producer could have significant energy implications. Trudeau oversaw an increasingly stringent regulatory and environmental policy agenda, including a carbon tax and a proposed emissions cap for oil and gas operations, which drew the ire of the energy industry as well as Canada's hydrocarbon-producing provinces, especially Alberta. The prime minister's resignation puts the long-term viability of the emissions cap in doubt and raises questions about the direction of Canada's energy and climate policy going forward.