Canada’s regulatory environment appears poised for yet another active year in 2024. As the Trudeau government approaches a decade in power, it will face mounting resistance to its efforts to cement its policy agenda into law, particularly on the cornerstone environmental file, where it must reconcile its priorities with recent court defeats, fierce regional opposition and growing public impatience with cost-of-living increases. 2024 will also prove to be a defining year for the government’s economic legacy, with important reforms to the federal competition, media, and foreign investment regulatory frameworks, among others, moving toward implementation.

In the latest iteration of the annually published Pick of Canadian Regulatory Trends to Watch, our leading regulatory lawyers provide their take on the trends expected to define 2024, covering regulatory developments in the areas of banking, competition, energy, environment, telecommunications, health, foreign investment and trade.

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Energy regulatory trends to watch in 2024: Power struggles

The Canadian energy regulatory landscape in 2023 was dominated by tension between the Canadian Federal Government's pursuit of its environmental policy objectives, particularly related to reducing greenhouse gas (GHG) emissions, and the desire of provincial governments to address GHG emissions and pursue economic objectives without federal interference.