Canada: Oil, Gas & Electricity

The Alberta Court of King’s Bench has released a landmark decision providing the most comprehensive judicial interpretation to date of the “deemed ownership” and control provisions under the Special Economic Measures Act (SEMA). In RN Cardium Oil Inc. v. Loyal Energy (Canada) Operating Ltd, the Court summarily dismissed a $6 million contractual claim after concluding that payment would contravene Canadian sanctions.

Realizing Canada's ambition to become an energy superpower cannot be achieved through government action and funding alone.

Entrepreneurs throughout Canada are working hard to develop, commercialize and implement technologies that reduce greenhouse gas emissions, enhance environmental sustainability, provide solutions to combat climate change, and facilitate our energy transition.