This week on the podcast, we dig into a new report on renewable growth in Canada, “Canada’s Renewable Energy Market Outlook 2025”, a joint study by Dunsky Energy + Climate Advisors and the Canadian Renewable Energy Association (CanREA).

To unpack the findings and the broader state of renewables in Canada, we’re joined by Leonard Kula (Vice President of Policy – Eastern Canada and Utility Affairs, CanREA), Ahmed Hanafy (Partner, Dunsky Energy + Climate Advisors), and Vittoria Bellissimo (President and CEO, CanREA).

Peter and Jackie asked our guests: What are your expectations for growth in Canadian electricity demand through 2035 and 2050? How does demand from AI data centers contribute? As intermittent renewable generation rises, do you see technical limits, such as reliability, that put a ceiling on growth? Do project developers source the wind turbines and solar modules from China, and should Canada push for more domestic content? Do renewables face issues with “not in my backyard” (NIMBYism)? Can renewables contribute meaningfully to meeting the fast-growing demand from data centers, which need near-perfect levels of reliability? Do you expect renewable energy growth in Alberta, given the market changes that have weakened the investment case?

Content referenced in this podcast includes:

• Bell: Go time! Danielle Smith and Mark Carney agree to a pipeline deal - Calgary Herald (November 22, 2025)

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This week on the podcast, Jackie and Peter break down the Canadian government’s latest release of nation-building projects. The second tranche includes a major LNG export development, Ksi Lisims LNG, along with a new electricity transmission line in Northwest B.C., three mining projects, and plans for a Northwest Critical Conservation Corridor.

They then turn to the IEA’s World Energy Outlook (WEO) 2025, which reintroduces the Current Policies Scenario (CPS) after a five-year hiatus. The CPS examines how global energy demand evolves under existing policies and shows oil and gas consumption continuing to grow through 2050. The report also highlights the energy requirements of rapidly expanding AI data centers. Jackie and Peter debate how this surge in load will be met—and which energy sources are most likely to power it.

Content referenced in this podcast includes:

• Prime Minister Carney announces second tranche of nation-building projects referred to the Major Projects Office (November 13, 2025)
• IEA World Energy Outlook 2025 (November 12, 2025)
• Open Circuit Podcast (November 7, 2025)
• The Stargate Project (January 2025)
• How Meta’s Data Centers Drive Economic Growth Across the US (November 7, 2025)
• US electric vehicle sales slow as Trump champions petrol (November 13, 2025)

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This week on the podcast, Jackie and Peter share their insights on Canada’s 2025 federal budget, released last week and expected to pass on November 17. They also briefly introduce the topic of COP30, which started the day they recorded, and Bill Gates’ recent memo on climate.

They discuss several aspects of the budget, including the size of the deficit and debt, government plans to reduce day-to-day operating expenses, and several tax measures—notably, new Productivity Super Deduction and the updated accelerated capital cost depreciation rules for LNG, which are supportive, but still less generous than the Productivity Super Reduction.

They also examine the introduction of new investment tax credits (ITCs) for clean energy. These incentives were largely anticipated, having been announced in the previous budget but never enacted.

A major focus is the proposed Canada Climate Competitiveness Strategy, which aims to strengthen industrial carbon pricing while preventing carbon leakage. Jackie and Peter explore related policy commitments, including maintaining methane-reduction regulations and the Clean Electricity Regulation, along with signals of possible flexibility around the removal of the oil and gas emissions cap. However, they note that such flexibility may depend on the deployment at scale of carbon capture and storage, which remains uncertain.

Content referenced in this podcast includes:

• Canada Budget 2025
• Bill Gates Memo “Three tough truths about climate” (October 2025)
• The Hub.ca article by Trevor Tombe “There’s a big gap between rhetoric and reality” (November 2025)

Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/

Check us out on social media:

X (Twitter): @arcenergyinst
LinkedIn: @ARC Energy Research Institute

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