OTTAWA - Prime Minister Mark Carney came close to telling a Bay Street audience today that he will secure a new pipeline for Alberta, offering his strongest endorsement yet of the idea. During an address to the Canadian Club Toronto this afternoon Carney told the audience not worry because "we're on the pipeline stuff" without offering any details. But then Carney stopped himself short and said "well, something's going to happen, let's put it that way." Speaking in Calgary today, [Read more]

OTTAWA - As Prime Minister Mark Carney's government moves to spend billions more on tax credits to support carbon-capture and storage projects, Canada's environment commissioner says the money already earmarked has not been spent effectively. A new audit report released Thursday by Jerry DeMarco said government investments in projects to reduce emissions, like carbon capture and storage, have been implemented poorly, with far less uptake than predicted. The report looked at nine measures [Read more]

A major projects expert says the federal budget is more of a tone shift on the oil and gas sector than firm changes in policy. Zach Parston, KPMG in Canada's leader in national infrastructure, capital projects, and sustainability, says the budget acknowledges oil and gas as a strategic industry that has a longer-term horizon than the government may have acknowledged in the past. He says the budget makes clear that the federal government is willing to support the industry and invest in it, [Read more]

VANCOUVER - British Columbia Premier David Eby and coastal First Nations have signed a declaration calling on the federal government to maintain an oil tanker ban off the province's north coast. Eby says one oil spill in the area would destroy billions of dollars in economic activity along the coast, with no technology available to clean it up. Alberta Premier Danielle Smith has been calling for the tanker ban to be repealed as part of her government's proposal to build an oil pipeline to [Read more]

OTTAWA - The federal government's climate competitiveness strategy promises a stronger industrial carbon pricing system and the prospect of ending the emissions cap on oil and gas production to drive more investments in clean growth. But the strategy, outlined in the federal budget on Tuesday, was short on details — and offered no update on where Canada stands on its 2030 and 2035 emission reduction targets. That's despite assurances from federal ministers in recent months that the [Read more]