CEOs call on Mark Carney to ‘take action’ to support domestic energy sector

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

CEOs call on Mark Carney to ‘take action’ to support domestic energy sector

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 ********* 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 ********* 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.”

Story continues below advertisement

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

1:57
Alberta premier defends speech outlining grievances with Ottawa

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.

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

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.

Story continues below advertisement

“A solution is to revert to the functioning system where provinces administer the policies and pricing to enable emissions-reduction investments, improve emissions performance, and maintain competitiveness.”

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

3:37
Canada election 2025: Alberta’s energy sector hoping for change

Previous Video

Next Video

Trending Now

• This is the hidden content, please

  • Sign In
  • or
  • Sign Up

  /applications/core/interface/js/spacer.png">

  Smith dismisses Ford’s warning about separatist threats in Alberta

• This is the hidden content, please

  • Sign In
  • or
  • Sign Up

  /applications/core/interface/js/spacer.png">

  ********* government ‘fact check’ dismisses Trump administration claims about border

The federal government unveiled its proposed emissions cap regulations late last year. They would compel upstream oil and gas operations to reduce emissions to 35 per cent below where they were in 2019 by sometime between 2030 and 2032.

Carney said before the election he wouldn’t be scrapping the regulations.

“We continue to believe the federal government’s cap on emissions creates uncertainty, is redundant, will limit growth and unnecessarily result in production cuts, and stifle infrastructure investments,” the CEOs wrote.

“Together, we can drive investment into emissions reductions by simplifying the regulatory regime, establishing an attractive fiscal environment, and ensuring carbon policies protect our export industries.”

Story continues below advertisement

This is the hidden content, please

• Sign In
• or
• Sign Up

/applications/core/interface/js/spacer.png">

1:58
Canada election 2025: Carney pledges to make Canada an energy superpower

Previous Video

Next Video

 

More on Politics
More videos

&copy 2025 The ********* Press

This is the hidden content, please

• Sign In
• or
• Sign Up

#CEOs #call #Mark #Carney #action #support #domestic #energy #sector

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up