CANADALAND Peak Oil! Carney, Cash, and Carbon
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Mar 18, 2026 Max Fawcett, lead columnist at Canada’s National Observer and climate/energy reporter, breaks down oil market shocks and Canadian energy choices. He explains why Iran’s conflict spiked pump prices and how renewables stack up against fossil fuels. He discusses energy security, trade opportunities, and whether promises of pipelines and CCS will hold up.
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Liberals Supported Big Oil Projects
- Justin Trudeau's government enabled major oil and gas projects rather than abandoning the sector, contradicting the narrative they wanted to kill oil.
- Max Fawcett lists Trans Mountain, LNG Canada, and approvals like Bay du Nord as evidence of active support.
Solar Economics Continue Improving
- Despite short-term industry setbacks in places like China, solar economics keep improving and renewables accounted for most new electricity additions.
- Fawcett emphasizes that Chinese solar losses don't equal a peak in solar adoption worldwide.
Clean Energy Reacts Slower Than Oil Prices
- Clean energy stocks lag immediate oil price moves because renewables' market response is multi-year, not instantaneous.
- Fawcett points out clean energy outperformed oil and gas last year, even if stock reactions differ short-term.