Carney’s talk of energy superpower status rings hollow without the policy stability needed to back it up

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As Canada continues to slip in global economic rankings, Prime Minister Mark Carney’s ambition to position the country as an “energy superpower” feels increasingly disconnected from reality.

The idea is rooted in recent political rhetoric suggesting that Canada’s energy sector, particularly oil and gas, can drive national prosperity. But rhetoric alone won’t get us there. Without a clear, workable policy—particularly in how the energy sector is regulated and supported—the path to global energy leadership remains blocked.

Canada has the third-largest proven oil reserves in the world, abundant natural gas and vast renewable resources. Its energy sector supports hundreds of thousands of jobs and contributes significantly to gross domestic product (GDP). Yet despite this foundation, Canada has struggled to translate its natural advantages into sustained global leadership.

Canada needs energy policy clarity, not more empty rhetoric.

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