No more oil & gas permits off Canada’s Pacific coast

In an ongoing push for environmental protection, Canada has seized control of all 227 offshore oil and gas exploration and production permits off its Pacific coast, putting a stop to further hydrocarbon extraction activities in this area. With the changing tides in the global energy arena, more pressure is placed on oil and gas players to decarbonize and pursue energy transition opportunities with more vigor. The same pressure is felt by many countries and governments around the globe as environmental and climate activists resort to legal action to stop further drilling activities and new oil and gas projects while doing their best to push governments into setting out plans for the phase-out of fossil fuels.

View entirety: Offshore Energy