Can Canada become an oil and LNG superpower?

The Canadian government has significantly shifted tack over recent years and now wants to double down on the country’s status as a net energy exporter by supporting large-scale oil and LNG infrastructure projects. On paper, these efforts could boost oil exports by up to one quarter and triple LNG exports over the next decade. While the reality may fall slightly short of this, the government’s commitment to these projects suggests there should be at least enough progress made to provide a meaningful, if unspectacular, boost to annual GDP growth of roughly 0.15%-points over the next few years.