We’re closing out the year with our final podcast of 2025, looking back at the biggest stories and revisiting the predictions we made at the start of the year. How did we do? 2025 delivered volatility and plenty of surprises, along with a long list of developments with real consequences for energy, both clean energy and traditional oil and gas. We cover major policy shifts, including the election of the Mark Carney Liberals in Canada, the introduction of Bill C-5, the launch of the Major Projects Office, the Ottawa–Alberta Memorandum of Understanding (MOU), and growing political support for LNG. We also review changes in the United States, including tariffs and the One Big Beautiful Bill (OBBB), which rolled back many of America’s generous clean energy subsidies.  Another recurring theme this year was the surge in expectations for AI data center electricity demand—including in Canada, where three proposed projects in Alberta are moving closer to a final investment decision.It’s been a whirlwind year. Jackie and Peter wish everyone a wonderful holiday break, and we’ll return in 2026.Content referenced in this podcast:  The Hub.ca, Have we really hit peak oil? Please don’t count on it (December 2, 2025) National Security Strategy of the United States of America (November 2025)Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinstLinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas PodcastApple PodcastsAmazon MusicSpotify