Prime Minister Carney Meets Oil, Gas Executives in Calgary

Prime Minister Mark Carney held a closed-door roundtable with over two dozen oil and gas executives in Calgary to discuss partnerships and gather input for his agenda to establish Canada as an energy superpower. During his first visit to Calgary since assuming office, Carney thanked the energy sector leaders for their efforts and emphasized the importance of collaboration amid global uncertainties. The energy CEOs, 38 of whom signed a letter congratulating Carney on his election, advocated for policy changes including overhauling the Impact Assessment Act and repealing the Oil Tanker Moratorium Act to facilitate project approvals and industry growth. Carney's government has proposed emissions cap regulations aiming to reduce upstream oil and gas emissions by 35 percent below 2019 levels by 2030-2032. The prime minister reaffirmed his commitment to support partnerships and expedite infrastructure project reviews through a streamlined "one project, one review" process that respects provincial assessments. These discussions underscore the balancing act between advancing Canada's energy industry and meeting environmental targets.