The guidelines for the "greenwashing" regulation - one of Danielle Smith's 9 Bad Laws - have been updated. The road to hell is paved with good intentions. The high-handed greenwashing bill turned environmental transparency into a legal liability rather than a competitive advantage, and many companies in Canada simply stopped reporting their environmental performance and targets as a result. While these are a big improvement from the original 2024 regulations, there's still lots of compliance uncertainty. I don't think these changes will get companies to start reporting on environmental performance again. competition-bureau.canada.ca…

Canadian heavy crude is fetching near-record premiums across the Pacific, bolstering the case for the country’s plan to build a new pipeline to its west coast. A barrel of Canadian Cold Lake crude delivered to South Korea traded at a record $9.50 a barrel more than the Dubai crude benchmark in September. It’s a stark contrast to the weakening price Canadian oil is getting in the US, its biggest market. Oil sands benchmark Western Canadian Select’s discount, called a differential, to a monthly average of West Texas Intermediate futures widened to as much as $28.25 a barrel in Alberta last week, the biggest in almost four years. bloomberg.com/news/articles/…

Imagine going back to October 2024 and telling Canadian oil & gas execs: - Trudeau, Guilbeault Eby gone - Strait of Hormuz war, WTI > $100 - Liberals adopted energy superpower agenda - New west coast oil pipeline designated in national interest - TMX full - Keystone XL/ Southbow Bridger moving forward - Conservative BC government - LNG Canada Phase 2 FID’d - Natural gas gigascale data centres FID’d - Emissions cap scrapped, IAA removed from almost all O&G projects - 100% immediate and permanent expensing for capital investments