US EditionCEOs call on Carney to ‘take action’ to support domestic energy sector
- On May 7, 2025, thirty-eight CEOs from Canadian energy companies addressed Prime Minister Mark Carney in a letter urging him to ease certain regulations to strengthen the country's energy industry.
- The letter followed last week's federal election and urged Carney to roll back regulations to bolster oil and gas investment amid conflicting stances on emissions policy.
- The industry recommended five main actions, such as reforming the government's evaluation procedures and shortening approval periods to help speed up project delivery.
- Carney campaigned on boosting energy independence and expediting project reviews but intends to maintain the emissions cap, despite pressure from Alberta's premier to repeal it.
- The CEOs’ call reflects broader economic concerns about regulatory burdens, investment uncertainty, and the need for policy changes to avoid further economic stagnation.
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Energy CEOs Call for Carney to Scrap Emissions Cap, Industrial Carbon Tax
Canada’s top energy CEOs have penned an open letter to Prime Minister Mark Carney, asking him to get rid of the emissions cap on oil and gas producers and repeal industrial carbon pricing in order to build Canada’s economy. The leaders of 38 companies said in their April 30 letter that the country’s oil and gas sector would create jobs and increase tax revenue for government, but it must be allowed to grow. They said there has been a lack of inv…
·New York, United States
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castanet.net+11 Reposted by 11 other sources
CEOs call on 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.
·Kelowna, Canada
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Total News Sources29
Leaning Left8Leaning Right4Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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