CEOs call on Mark Carney to ‘take action’ to support domestic energy sector
Global News
Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Mark Carney on his election win and pitching policy measures.
Canada’s energy CEOs are calling on Prime Minister Mark Carney to scrap the emissions cap on oil and gas producers and repeal industrial carbon pricing to help bolster the industry.
Thirty-eight CEOs of Canadian energy companies signed a letter congratulating Carney on his election win and pitching policy measures they say would help the prime minister make good on his promise to build the fastest-growing economy in the G7.
“As a major contributor to the Canadian economy, with significant untapped potential, the energy sector must play a pivotal role in your pursuit of this ambition,” the letter reads.
“Your focus on fostering energy independence and enhancing Canada’s energy infrastructure and clean technology requires major sector investment and globally competitive energy and carbon policies. Over the last decade, the layering and complexity of energy policies has resulted in a lack of investor confidence and, consequently, a barrier to investment.”
The CEOs say they want an overhaul of the Impact Assessment Act — which sets out the process for assessing major projects — and of the Oil Tanker Moratorium Act, which bans oil tankers carrying more than 12,500 metric tons of crude from stopping along parts of B.C.’s coastline.
Carney campaigned on expediting reviews of major energy infrastructure projects. He promised before the election to move forward with a “one project, one review” approach by recognizing assessments conducted by the provinces and territories.
The energy CEOs also called on Carney to repeal the industrial carbon pricing system. Carney campaigned on strengthening the policy after he scrapped the consumer carbon price.
“The current federal price and stringency trajectory results in uncompetitive costs compared to those we compete with to deliver our products to market,” the CEOs wrote.
Chief Ross Perley says the community is hurting and feeling anxious following Bronson Paul's death.
The online attacks are designed by cyber criminals to lock private data from Canadian businesses and individuals until payment demands are met.
The company said the incident is currently under investigation and information is limited, but it confirms that local authorities have been notified.
A crowd of Ubisoft workers and supporters held a rally, urging the video game developer to reopen the studio that was closed earlier this month after a successful union drive.
American Olympian Katie Uhlaender was hoping to be the first woman to compete in the Winter Games six times for the U.S., but fell just short of qualifying.
The U.S. currently has multiple rounds of tariffs on key sectors of the Canadian economy, including steel, aluminum, autos and lumber.
Cree Nation of Mistissini Chief Michael Petawabano is urging members of the community to stay in their homes and lock their doors as police investigate.
Exceptions under the trade deal, known as USMCA in the U.S. and CUSMA in Canada, protect Canada from the heaviest impacts of U.S. President Donald Trump's tariffs.
Sixteen people were killed and 13 were injured when a truck driver went through a stop sign and into the path of the junior hockey team's bus at a rural intersection.
Though a complete freeze is near impossible, a mixture of frozen surface water and mist can create the appearance that Niagara Falls has frozen.
The local police say they were called to a private residence in the Atikamekw community of Manawan on Sunday, and discovered two bodies.
The Ipsos poll conducted exclusively for Global News also found half of Canadians would trust Prime Minister Mark Carney to handle a potential military threat from the U.S.
Four adults face charges after a trespassing investigation at Western University led to a loaded firearm and hazardous chemicals near campus, police say.