Canada’s abundant energy resources have played a central role in our country’s economic development and will continue to be extremely important to our prospects for growth and innovation in the future.
Competition law applies to all of the diverse participants in Canada’s energy sector — from crude oil and natural gas to nuclear and renewable energy, and from pipelines transporting energy products to refinery complexes and retail gas stations — with a view to preserving the benefits of a competitive industry, often in parallel with sectoral regulators at the federal or provincial levels. In the wake of COVID-19 and uncertainty surrounding global supply levels, we expect to see higher levels of M&A activity, collaborations among competitors, and potentially even industry-wide initiatives as firms adapt to the new competitive environment.
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