The Canadian Association of Petroleum Producers (CAPP) says with the arrival of President Trump's tariff's, Canada’s economy is at a crossroads.
The upheaval has prompted their Energy Platform to outline seven steps the next government of Canada should take to "unleash the country's energy advantage."
CAPP is a non-partisan, research-based industry association that advocates on behalf of companies that explore for, develop, and produce oil and natural gas throughout Canada.
Lisa Baiton, CAPP President & CEO, said that CAPP and its member companies are deeply disappointed in the U.S. Administration’s decision to impose across the board tariffs on Canadian goods.
"North American and global oil and natural markets are complex which make it difficult to predict how the application of a 10 percent tariff on Canadian oil and natural gas will impact supply, demand and trade patterns," Baiton said. "What we do know is that our greatest competitive advantage through economic cycles is our energy advantage. Canadian oil and natural gas producers have demonstrated they are innovative and resilient and will find the best ways to mitigate the impact of tariffs and realign themselves to thrive in a dynamic global market."
CAPP’s seven-step Energy Platform includes;
- Clear the roadblocks to building the infrastructure we need to connect Canadian energy to the world.
- Immediately streamline approvals for major projects already in the federal review process.
- Continue advancing emissions reduction technologies to enhance our environmental leadership while keeping energy affordable and competitive.
- Champion oil and natural gas as a critical part of Canada’s economic future.
- Don’t just build—build with speed.
- Use our abundance of natural resources to strengthen our energy security.
- Tariff-proof our economy by growing and diversifying market access for Canadian oil and gas.
"Canada urgently needs a policy overhaul to create a streamlined and durable regulatory framework that allows projects with viable markets and motivated investors to succeed," Baiton said. "Strengthening market access and trade relationships is critical to economic growth. Diversifying exports beyond North America into Asian and European markets will promote long-term stability. At home, securing Ontario and Quebec’s energy supply must be a national priority."
CAPP’s members produce nearly three quarters of Canada’s annual oil and natural gas production and provide approximately 450,000 direct and indirect jobs in nearly all regions of Canada.
According to the most recently published data, the industry contributes over $70 billion to Canada’s GDP, as well as $45 billion in taxes and royalties to governments across the country.
"We are at a significant moment in Canada’s history – we need to seize this moment. The choices we make today will determine whether we become a global energy leader or continue to fall behind," Baiton added. "With decisive leadership, smart reforms, and a renewed commitment to investment, we can unlock the full potential of our natural resources, support our partners and make new ones, create jobs, and build a more prosperous and resilient economy for Canadians.”
People can download the full 2025 Energy Policy Platform at www.capp.ca/en/unleashing-canadas-energy-potential/.
