Canadian Prime Minister Justin Trudeau has announced his resignation. It's a pivotal moment for the oil-rich nation, with big implications for energy and climate change policy. Additionally, it’s a reminder of the huge size of Canadian oil production (averaging more than 6 million b/d in 2024, when counting total oil liquids).

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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.
Baker Botts Partners Margaret Welsh and Michael Silliman and Associate Katherine Corry give insights on the intersection of artificial...