Royal Bank of Canada and Scotiabank have withdrawn their 2030 financed-emissions targets, citing weaker government climate momentum and accelerating energy demand from artificial intelligence and data centers. The policy shift signals a potentially more supportive lending environment for fossil-fuel producers, which could influence long-term demand expectations for Natural Gas as a transitional fuel.
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Over the past month, CM:NG has fallen about 14.5%, reflecting softer pricing amid ample supply and reassessment of demand growth assumptions. The 1-day technical pattern for CM:NG currently points to a cautious short-term stance, with a prevailing Sell signal that may temper near-term bullish positioning despite structural demand considerations tied to power and AI-related loads.
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