Q2 | Torys Quarterly • Spring 2026
Making Canada an energy superpower

Torys examines the wave of initiatives, policies, and investments underway that are transforming Canada’s energy and natural resources sectors.

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Turning ambition to action

Industry momentum

Across industries and asset classes, a generational effort is driving forward new projects and infrastructure in support of the country’s goal to become a global energy leader.

We are increasingly seeing mining companies find creative ways to partner together in joint venture and partnership structures to develop critical mineral projects.
— The key trends shaping Canada’s mining industry in 2026

Scaling up projects

Project proponents have reason to be optimistic as government, investors, Indigenous communities, and businesses coordinate their efforts to finance and expedite projects of national importance.

The project finance market is robust, and project finance lenders are extremely active.
— Financing Canada’s energy superpower ambitions

Regulatory and risk outlook

Advancing Canada’s energy capabilities requires clarity on regulatory expectations and project risks. We review how industry and government are paving the way forward.

Canada must now turn intention into action to secure the necessary investment and additional expertise to develop our energy resources.
— How Canada’s global partners can help supercharge the energy sector

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