From the Oil Shock to the National Energy Policy: Petro Panic in the 1970s and 1980s

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From: Capitalism, Colonialism, and Crises

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This chapter examines postwar Canadian energy policy, including the controverial National Energy Policy of the Pierre Trudeau government and the Alberta resistance. Palmer outlines how Newfoundland’s Churchill Falls hydroelectric project benefitted Quebec at the expense of Newfoundland, and early offshore oil and gas activity on the east coast.

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Contributors

Bryan D. Palmer

Bryan D. Palmer is Professor Emeritus and former Canada Research Chair, Canadian Studies, Trent University, Peterborough, Canada. He is a Fellow of the Royal Society of Canada, former editor of Labour/Le Travail, and has published extensively on the history of labour and the revolutionary left. Among his many books are Canada’s 1960s and the co-authored Toronto's Poor: A Rebellious History. In the fall of 2024, Colonialism and Capitalism: Canada's Origins 1500–1890 was published, followed by Capitalism and Colonialism: The Making of Modern Canada 1890—1960 in the spring of 2025. He lives in Warkworth, Ontario.