Trigger warning: This article is a critical re-evaluation of the National Energy Program, and seeks to dispel common myths and misconceptions about the policy. In truth, the NEP was just one iteration of government energy policies that had been in place for decades. Liberal finance minister Allan MacEachen introduced the National Energy Program in his 1980 budget. In the 18 months preceding the announcement of the NEP, Canada had entered into an economic recession, gone through two elections, and witnessed the first Quebec referendum. Quite the contrary, the NEP was designed to eliminate the boom and bust cycle that has characterized the energy sector in Canada ever since.

Source: CBC News November 18, 2020 12:00 UTC