SEEING THE WOOD FOR THE TREES
- Biden’s focus on a ‘green growth’ agenda that will emphasize low or zero carbon energy production and more climate friendly regulations is positive for Canada and energy prices.
- Since the US election,
- AECO gas prices are north of C$2.50 GJ and trading at parity with Henry Hub
- Oil prices above US$55 WTI
With all that happening in the lower 48 States, and with Canada offering top tier investment returns for oil and gas companies with one of the best ESG records in the world and an effective carbon pricing strategy, Canada will become the new destination for energy investment.