Quebec’s legislature passed a bill that will pave the way for more oil and gas exploration, providing a boost to drillers. The legislation is meant to implement Quebec’s clean energy plan but also contains provisions allowing for energy exploration, potentially including fracking.
While the National Energy Board doesn’t record Quebec as producing any marketable hydrocarbons of its own, the province holds enough gas to meet its own needs for about 100 years. Most is locked up in the Utica shale formation or in deposits beneath Anticosti Island, according to the Canadian Association of Petroleum Producers.