Canadian oil and gas production will climb for another 20 years without policy changes to help meet the federal government’s new target for net-zero carbon emissions by 2050, the Canada Energy Regulator (CER) said.


In the report “Canada’s Energy Future 2020” issued on Tuesday, a CER reference scenario of business as usual forecasts a 47% increase by 2045 n oil output to 7.2 million b/d and a 50% increase in natural gas production to 23.5 Bcf/d.

The evolving energy scenario, with technology and policy innovations made at current gradual rates, foresees slower growth to 2040, with an 18% increase in oil production to 5.8 million b/d and a 17% rise in gas production to 18.4 Bcf/d.

In the evolving scenario, cumulative technical advances and policy changes partially...