Monday, September 15, 2025

Oil Companies Are Just Waiting for Trudeau to Get Kicked Out

The general election isn’t until October 2025, but some oil and gas producers are already anticipating that it won’t be a good one for Prime Minister Justin Trudeau and the Liberals — they’re taking the wait-and-see approach before making any moves to accelerate emissions cuts to comply with the Liberal government’s recently released framework.

The framework, released this month, mandates a reduction of carbon emissions by up to 38% by 2030 from 2019 levels. But with polls indicating a strong lead for opposition Conservatives led by Pierre Poilievre, who opposes the cap, there is speculation that plans for emission cuts may be abandoned if Trudeau’s Liberals lose in the expected 2025 election. 

The oil and gas industry, responsible for over a quarter of Canada’s emissions, is already cutting emissions through efforts like reducing gas flaring and replacing old equipment. But the country saw a 13% rise in absolute emissions from the oil and gas sector since 2005 according to the Canadian Climate Institute. This is despite its emissions intensity, or the amount of carbon emitted per barrel of oil produced, dropping. 

With the current political climate, several small- and medium-sized oil companies are openly questioning the need to hasten emissions cuts. Alberta, Canada’s main oil-producing province, has also pledged to create a “constitutional shield” against the proposed cap.

Related: Petition to Get Rid of Prime Minister Justin Trudeau May Be the Largest Online Petition Ever in Canada — But Can It Succeed?

Yangarra Resources, a company producing 12,500 barrels of oil equivalent per day, emphasizes a commitment to emissions reduction as long as it remains financially viable. CEO Jim Evaskevich notes that increased spending on drastic reductions might be reconsidered if the political climate shifts.

“If we get to where we’re having to spend a lot of money to become way more draconian with our reductions, then we’re going to look at the federal election and go, ‘yeah no we’re not spending that money, no way.’ Because our fervent hope is (Trudeau) is gone,” Evaskevich told Reuters.


Information for this story was found via Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Ukrainian Firm Works To Scam Canadians, Uses Fake Endorsements From Trudeau

Every evening, approximately 150 individuals converge upon a nondescript building in Kyiv, embarking on a...

Monday, March 4, 2024, 04:19:00 PM

Trudeau Government Faces Collapse as NDP Vows No-Confidence Vote

Canadian Prime Minister Justin Trudeau faces another potential problem after New Democratic Party leader Jagmeet...

Monday, December 23, 2024, 10:39:00 AM

Justin Trudeau Passes Bill C-10 to Regulate Social Media Programming, Streaming

On Tuesday, lawmakers in Ottawa passed a new bill that would control content distributed by...

Wednesday, June 23, 2021, 11:42:00 AM

Value of Building Permits Plummet by Record 14.8% in May

Following what were four straight months of record-breaking gains, the value of building permits suddenly...

Saturday, July 10, 2021, 11:23:00 AM

NATO Defense Spending Soars as Russian Threat Looms, but Some Allies Lag Behind

NATO Secretary-General Jens Stoltenberg announced on Monday that a record 23 out of NATO’s 32...

Saturday, June 22, 2024, 09:13:00 AM