Canada wants to become an energy superpower, and if it has the will, there is

By: WSJmarkets

Published: 2026-09-28T16:01:35.736176Z

Last Updated: 2026-09-29T16:11:04.956010Z

Category: World

Canada’s vast reserves of oil, natural gas, hydroelectricity, uranium and critical minerals give it a strong foundation in a world seeking reliable energy supplies.

The opportunity is growing as countries look to reduce dependence on unstable suppliers while accelerating the transition to cleaner power.

Turning that potential into influence will require faster approval of major projects, expanded export infrastructure and closer cooperation among federal, provincial and Indigenous governments.

Investment in liquefied natural gas, electricity transmission, carbon capture and critical-mineral processing could help Canada serve both traditional energy markets and the global clean-energy economy.

The obstacles are substantial. Regulatory uncertainty, political divisions, infrastructure delays and opposition from affected communities have slowed development and weakened investor confidence.

Canada’s energy future will depend on whether it can balance economic growth with environmental responsibility and Indigenous participation. With coordinated leadership and a clear long-term strategy, the country could strengthen its economy, improve energy security for allies and play a larger role in shaping the global energy transition.