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Halifax wine bar surrounded by scaffolding says building inspection is 'significant' step forward

Halifax wine bar surrounded by scaffolding says building inspection is 'significant' step forward

CBC05-04-2025

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The crumbling facade of a downtown Halifax building is set to be inspected this weekend, giving hope to the owners of a wine bar who say scaffolding that has surrounded the property for nearly two years is driving their customers away.
The scaffolding was ordered as a safety measure by the municipality after a person was injured by falling debris in June 2023. But the owners of Obladee Wine Bar, which has occupied a corner of the building at Barrington and Sackville streets for nearly 15 years, said the property owner has yet to make repairs or take any action — until this weekend.
"The fact that we are getting some communication from the city, we're getting some action on behalf of the property owner, that's very significant," said Heather Rankin, who owns Obladee with her brother, Christian Rankin.
She credits the breakthrough with their decision to go public last month with their dilemma. At the time, Christian Rankin told CBC News the tangle of steel and wood that wraps around the building is an eyesore that makes it difficult for people to know they're open.
He said what was supposed to be temporary scaffolding has also prevented Obladee from opening its 20-seat patio for the last two summers.
"It's extremely urgent," Heather Rankin said this week. "We've been struggling for nearly two years. This should have happened 20 months ago, not now."
Mayor Andy Fillmore, who was elected last November, posted on social media earlier this week he wants to see the matter resolved so the wine bar does not lose another patio season. His post did not elaborate and he was unavailable for an interview with CBC News.
The municipality confirmed the property owner has arranged for inspection work on the building. It's expected to happen Saturday and Sunday between 9 a.m. and 5 p.m. local time. Traffic delays in the Barrington and Sackville streets area are expected and sidewalks that are impacted will be closed.
In a previous statement to CBC News, the municipality said it has issued repeated orders to the property owner since the passerby was injured in 2023.
One order resulted in a $4,000 fine that was paid by the property owner in September 2024. A fourth order was issued in February requesting an updating on a structural engineer's report that was mandated.
Property group insolvent
The Caryi Group, which owns the building along with a number of other commercial and residential properties in Atlantic Canada, has fallen into financial trouble. The group's principal, Steven Caryi, died in 2023.
His family is now trying to sell the building and others he left with mortgage debts estimated at about $47 million as of January, according to court documents.
His sister, Joanne Caryi, previously declined to comment on the insolvency proceedings now before the Supreme Court of Nova Scotia. She is identified as the executor of her brother's Canadian estate in court documents. She could not be reached for an interview this week.
Obladee will remain open this weekend and Rankin said they will be following up to make sure the inspection is followed by actual repairs.
"It's a step in the right direction, but there's still a lot of work to be done and it needs to happen quickly," she said.
Rankin and her brother are hoping the facade can be fixed so that the scaffolding can be taken down before the summer to allow for the patio to return to the Sackville Street side of the building.
The Halifax Regional Municipality has made it clear the scaffolding has to remain in place until repairs are done.

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Transat A.T. Inc. Reports Results for the Second Quarter of Fiscal 2025
Transat A.T. Inc. Reports Results for the Second Quarter of Fiscal 2025

Cision Canada

time22 minutes ago

  • Cision Canada

Transat A.T. Inc. Reports Results for the Second Quarter of Fiscal 2025

Second-quarter highlights: Revenues of $1,031.1 million, up 5.9% from $973.2 million last year Adjusted EBITDA 1 of $98.4 million, compared to $30.2 million last year Net loss of $22.9 million ($0.58 per share), compared to a net loss of $54.4 million ($1.40 per share) last year Free cash flow 1 of $142.3 million, compared to $109.8 million last year Cash and cash equivalents of $532.6 million as at April 30, 2025 Elevation optimization Program initiatives implemented to date are expected to deliver an annualized adjusted EBITDA 1 run-rate of $67.0 million Reached an agreement in principle for the restructuring of the LEEFF debt incurred in connection with the COVID-19 pandemic MONTRÉAL, June 12, 2025 /CNW/ - Transat A.T. Inc. today reported its second quarter 2025 financial results. "Transat delivered improved operating and financial performances in the second quarter of fiscal 2025, building on the positive momentum that began in the fourth quarter of 2024. During the second quarter, revenue grew 5.9%, driven by a 2.0% year-over-year yield improvement and a 1.6% passenger traffic increase. Tight control of operating expenses led to productivity gains, while lower fuel costs further supported performance, resulting in adjusted EBITDA of $98.4 million. Despite persistent economic uncertainty, Transat is methodically executing its business strategy through disciplined fleet optimization and network expansion. Recent additions of new routes and changes to our program have further strengthened our leadership in providing leisure travel services to Canadian consumers," said Annick Guérard, President and Chief Executive Officer of Transat. "We are making significant progress through our Elevation Program, a comprehensive optimization plan aimed at maximizing long-term profitable growth. The initiatives implemented to date are expected to generate an annualized adjusted EBITDA run rate of $67 million and we remain on track to reach our goal of $100 million. Our teams are fully committed to successfully executing the plan and we expect to benefit directly from cost-saving and revenue-generating initiatives beginning in the second half of the current year," added Ms. Guérard. "We are pleased to have reached a refinancing agreement with our main lender. This represents a major milestone, as it significantly reduces our debt, strengthens our balance sheet, and positions Transat to further implement its long-term strategic plan. In addition, we have reached a new compensation agreement with the manufacturer of the GTF 2 engines for the 2025 and 2026 fiscal years, partially recorded during the second quarter as non-cash revenue. We are currently evaluating opportunities to monetize this financial compensation," said Jean-François Pruneau, Chief Financial Officer of Transat. For the quarter ended April 30, 2025, revenues reached $1,031.1 million, up 5.9% from $973.2 million in the corresponding period last year. The increase was mainly attributable to a 2.0% increase in airline unit revenues (yield) and a 1.6% increase in traffic expressed in revenue-passenger-miles (RPM) compared with 2024. Reflecting disciplined management, the Corporation's capacity was up 2.6% from the corresponding period last year, while capacity for sun routes, the main program during this period, remained stable. In addition, following the agreement entered into with the original equipment manufacturer of the GTF 2 engines, a financial compensation of $20.0 million was recorded in revenues. Adjusted EBITDA 1 amounted to $98.4 million, compared with $30.2 million in 2024. This increase was mainly attributable to higher revenues, increased productivity, as well as a 18% decrease in fuel prices compared with the corresponding period of 2024. Six-month results For the six-month period ended April 30, 2025, revenues reached $1,860.6 million, up 5.8% from $1,758.7 million in the corresponding period a year ago. For the six-month period, network-wide capacity increased by 1.6% compared with 2024, while capacity for sun routes, the main program during this period, increased by 0.5%. Overall, traffic was 1.3% higher than in 2024. The revenue increase also reflects the financial compensation noted above. For the six-month period, adjusted EBITDA 1 totaled $118.4 million, compared with $26.8 million for fiscal 2024. The increase was mainly attributable to revenue growth, productivity gains and lower fuel prices. Cash flow and financial position Cash flow related to operating activities amounted to $207.8 million during the second quarter of 2025, compared with $183.2 million for the same period last year, mainly due to higher net income before non-cash operating items this year versus last. After accounting for investing activities and repayment of lease liabilities, free cash flow 1 reached $142.3 million during the quarter, compared with $109.8 million for the corresponding period last year. As at April 30, 2025, cash and cash equivalents stood at $532.6 million, compared to $260.3 million as at October 31, 2024. Cash and cash equivalents in trust or otherwise reserved mainly resulting from travel package bookings totaled $295.6 million as at April 30, 2025, compared with $484.9 million as at October 31, 2024, reflecting the seasonal nature of operations. Customers deposits for future travel totaled $888.7 million as at April 30, 2025, comparable to the amount recorded a year earlier. During the six-month period ended April 30, 2025 the Corporation received net proceeds of $30.6 million from the final of the four previously announced spare engine sale-leaseback transactions, completed in early November. Long-term debt and deferred government grant totaled $812.2 million as at April 30, 2025, compared to $803.1 million as at October 31, 2024. Reflecting the proceeds mentioned above and the change in cash, the amount net of cash stood at $279.6 million, down from $542.7 million as at October 31, 2024. Event after the reporting period On June 5, 2025, the Corporation announced that it had reached an agreement in principle with the Canada Enterprise Emergency Funding Corporation (CEEFC) for the restructuring of all its debt contracted under the Large Employer Emergency Financing Facility (LEEFF), managed by the CEEFC. As of April 30, 2025, this debt had a principal amount of $773.4 million and a carrying value of $762.2 million, including the deferred government grant amount. Following the transaction, outstanding debt with CEEFC is expected to decrease from $773.4 million to $333.7 million. Key indicators To date, load factors for the summer period, which consists of the third and fourth quarters, are 1.2 percentage points lower compared to the same date in fiscal 2024, while airline unit revenues, expressed as yield, are 1.7% higher than they were at this time last year. For fiscal year 2025, the Corporation expects an available capacity increase of 1.0%, measured in available seat-miles, compared to 2024. Conference call The second quarter 2025 conference call will take place on Thursday, June 12, 2025, 10:00 a.m. To join the conference call without operator assistance, you may register by entering your phone number here to receive an instant automated call back. You can also dial direct to be entered into the call by an operator: Montreal: 514 400-3794 North America (toll-free): 1 800 990-4777 Name of conference: Transat The conference will also be accessible live via webcast: click here to register. An audio replay will be available until June 19, 2025, by dialing 1 888 660-6345 (toll-free in North America), access code 91901 followed by the pound key (#). The webcast will remain available for 90 days following the call. Third-quarter 2025 results will be announced on September 11, 2025. (1) Non-IFRS financial measures Transat prepares its financial statements in accordance with International Financial Reporting Standards ["IFRS"]. We will occasionally refer to non-IFRS financial measures in the news release. These non-IFRS financial measures do not have any meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers. They are intended to provide additional information and should not be considered as a substitute for measures of performance prepared in accordance with IFRS. All dollar figures are in Canadian dollars unless otherwise indicated. The following are non-IFRS financial measures used by management as indicators to evaluate ongoing and recurring operational performance. Adjusted operating income (loss) or adjusted EBITDA: Operating income (loss) before depreciation, amortization and asset impairment expense, reversal of impairment of the investment in a joint venture, the effect of changes in discount rates used for accretion of the provision for return conditions, restructuring and transaction costs and other significant unusual items, and including premiums related to derivatives that matured during the period. The Corporation uses this measure to assess the operational performance of its activities before the aforementioned items to ensure better comparability of financial results. Adjusted operating income is also used to calculate variable compensation for employees and senior executives. Adjusted pre-tax income (loss) or adjusted EBT: Income (loss) before income tax expense before change in fair value of derivatives, revaluation of liability related to warrants, gain (loss) on long-term debt modification, gain (loss) on business disposals, gain on disposal of investment, gain (loss) on asset disposals, gain on sale and leaseback of assets, the effect of changes in discount rates used for accretion of the provision for return conditions, restructuring and transaction costs, write-off of assets, reversal of impairment of the investment in a joint venture, foreign exchange gain (loss) and other significant unusual items, and including premiums related to derivatives that matured during the period. The Corporation uses this measure to assess the financial performance of its activities before the aforementioned items to ensure better comparability of financial results. Adjusted net income (loss): Net income (loss) before change in fair value of derivatives, revaluation of liability related to warrants, gain (loss) on long-term debt modification, gain (loss) on business disposals, gain on disposal of investment, gain (loss) on asset disposals, gain on sale and leaseback of assets, the effect of changes in discount rates used for accretion of the provision for return conditions, restructuring and transaction costs, write-off of assets, reversal of impairment of the investment in a joint venture, foreign exchange gain (loss), reduction in the carrying amount of deferred tax assets and other significant unusual items, and including premiums related to derivatives that matured during the period, net of related taxes. The Corporation uses this measure to assess the financial performance of its activities before the aforementioned items to ensure better comparability of financial results. Adjusted net income (loss) is also used in calculating the variable compensation of employees and senior executives. Adjusted net earnings (loss) per share: Adjusted net income (loss) divided by the adjusted weighted average number of outstanding shares used in computing diluted earnings (loss) per share. Free cash flow: Cash flows related to operating activities less cash flows related to investing activities and repayment of lease liabilities. The Corporation uses this measure to assess the cash that's available to be distributed in a discretionary way such as repayment of long-term debt or deferred government grant or distribution of dividend to shareholders. Total debt: Long-term debt plus lease liabilities, deferred government grant and liability related to warrants, net of deferred financing costs related to the subordinated debt - LEEFF. Management uses total debt to assess the Corporation's debt level, future cash needs and financial leverage ratio. Management believes this measure is useful in assessing the Corporation's capacity to meet its current and future financial obligations. Total net debt: Total debt (described above) less cash and cash equivalents. Total net debt is used to assess the cash position relative to the Corporation's debt level. Management believes this measure is useful in assessing the Corporation's capacity to meet its current and future financial obligations. The results were affected by non-operating items, as summarized in the following table: Highlights and non-IFRS financial measures Second quarter First six-month period 2025 2024 2025 2024 (in thousands of Canadian dollars, except per share amounts) $ $ $ $ Operating income (loss) 37,270 (15,161) (14,686) (67,590) Depreciation and amortization 62,680 54,748 125,645 104,912 Reversal of impairment of the investment in a joint venture — — — (3,112) Effect of discount rate changes (887) (7,485) 6,262 (2,210) Restructuring costs 979 1,911 4,057 1,977 Premiums related to derivatives that matured during the period (1,596) (3,863) (2,863) (7,177) Adjusted operating income¹ or adjusted EBITDA¹ 98,446 30,150 118,415 26,800 Net loss (22,884) (54,387) (145,416) (115,364) Reversal of impairment of the investment in a joint venture — — — (3,112) Effect of discount rate changes (887) (7,485) 6,262 (2,210) Restructuring costs 979 1,911 4,057 1,977 Gain on asset disposals — — (5,183) (5,784) Change in fair value of derivatives 92,241 (4,978) 88,779 17,181 Revaluation of liability related to warrants (2,119) (6,236) (2,126) 5,511 Foreign exchange (gain) loss (60,999) 28,170 (13,527) (13,957) Gain on long-term debt modification — — (216) — Premiums related to derivatives that matured during the period (1,596) (3,863) (2,863) (7,177) Adjusted net income (loss)¹ 4,735 (46,868) (70,233) (122,935) Adjusted net income (loss)¹ 4,735 (46,868) (70,233) (122,935) Adjusted weighted average number of outstanding shares used in computing diluted earnings per share 39,752 38,713 39,607 38,645 Adjusted net earnings (loss) per share¹ 0.12 (1.21) (1.77) (3.18) Cash flows related to operating activities 207,842 183,216 376,420 293,918 Cash flows related to investing activities (19,312) (31,247) (11,578) (59,992) Repayment of lease liabilities (46,251) (42,184) (93,434) (85,048) Free cash flow 1 142,279 109,785 271,408 148,878 As at April 30, 2025 As at October 31, 2024 (in thousands of dollars) $ $ Long-term debt 705,562 682,295 Deferred government grant 106,626 120,784 Liability related to warrants 6,393 8,519 Lease liabilities 1,369,221 1,465,722 Total debt 1 2,187,802 2,277,320 Total debt 2,187,802 2,277,320 Cash and cash equivalents (532,611) (260,336) Total net debt 1 1,655,191 2,016,984 About Transat Founded in Montreal 37 years ago, Transat has achieved worldwide recognition as a provider of leisure travel particularly as an airline under the Air Transat brand. Voted World's Best Leisure Airline by passengers at the 2024 Skytrax World Airline Awards, it flies to international destinations. By renewing its fleet with the most energy-efficient aircraft in their category, it is committed to a healthier environment, knowing that this is essential to its operations and the destinations it serves. Based in Montreal, Transat has 5,000 employees with a common purpose to bring people closer together. (TSX: TRZ) Caution regarding forward-looking statements This news release contains certain forward-looking statements with respect to the Corporation, including those regarding its results, its financial position and its outlook for the future. These forward-looking statements are identified by the use of terms and phrases such as "anticipate" "believe" "could" "estimate" "expect" "intend" "may" "plan" "potential" "predict" "project" "will" "would", the negative of these terms and similar terminology, including references to assumptions. All such statements are made pursuant to applicable Canadian securities legislation. Such statements may involve but are not limited to comments with respect to strategies, expectations, planned operations or future actions. Forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated by these forward-looking statements. The forward-looking statements may differ materially from actual results for a number of reasons, including without limitation, economic conditions, changes in demand due to the seasonal nature of the business, extreme weather conditions, climatic or geological disasters, war, political instability, measures taken, planned or contemplated by governments regarding the imposition of tariffs on exports and imports, real or perceived terrorism, outbreaks of epidemics or disease, consumer preferences and consumer habits, consumers' perceptions of the safety of destination services and aviation safety, demographic trends, disruptions to the air traffic control system, the cost of protective, safety and environmental measures, competition, maintain and grow its reputation and brand, the availability of funding in the future, the Corporation's ability to repay its debt from internally generated funds or otherwise, the Corporation's ability to adequately mitigate the Pratt & Whitney GTF engine issues, fluctuations in fuel prices and exchange rates and interest rates, the Corporation's dependence on key suppliers, the availability and fluctuation of costs related to our aircraft, information technology and telecommunications, cybersecurity risks, changes in legislation, regulatory developments or procedures, pending litigation and third-party lawsuits, the ability to reduce operating costs through the Elevation program initiatives, among other things, the Corporation's ability to attract and retain skilled resources, labour relations, collective bargaining and labour disputes, pension issues, maintaining insurance coverage at favourable levels and conditions and at an acceptable cost, and other risks detailed in the Risks and Uncertainties section of the MD&A included in our 2024 Annual Report. The reader is cautioned that the foregoing list of factors is not exhaustive of the factors that may affect any of the Corporation's forward-looking statements. The reader is also cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements. The forward-looking statements in this news release are based on a number of assumptions relating to economic and market conditions as well as the Corporation's operations, financial position and transactions. Examples of such forward-looking statements include, but are not limited to, statements concerning: The outlook whereby the Corporation will be able to meet its obligations with cash on hand, cash flows from operations, drawdowns under existing or other credit facilities. The outlook whereby, for fiscal year 2025, the Corporation expects an available capacity increase of 1.0%, measured in available seat-miles, compared to 2024. The outlook whereby the initiatives implemented to date are expected to generate an annualized adjusted EBITDA run rate of $67 million and the Corporation remains on track to reach its goal of $100 million. The outlook whereby following the transaction, the outstanding debt with CEEFC is expected to decrease from $773.4 million to $333.7 million. In making these statements, the Corporation assumes, among other things, that the standards and measures for the health and safety of personnel and travellers imposed by government and airport authorities will be consistent with those currently in effect, that workers will continue to be available to the Corporation, its suppliers and the companies providing passenger services at the airports, that credit facilities and other terms of credit extended by its business partners will continue to be made available as in the past, that management will continue to manage changes in cash flows to fund working capital requirements for the full fiscal year and that fuel prices, exchange rates, selling prices and hotel and other costs remain stable, the Corporation will be able to adequately mitigate the Pratt & Whitney GTF engine issues and that the initiatives identified to improve adjusted operating income (adjusted EBITDA) can be implemented as planned, and will result in cost reductions and revenue increases of the order anticipated by mid-2026. If these assumptions prove incorrect, actual results and developments may differ materially from those contemplated by the forward-looking statements contained in this press release. The Corporation considers that the assumptions on which these forward-looking statements are based are reasonable. These statements reflect current expectations regarding future events and operating performance, speak only as of the date this news release is issued, and represent the Corporation's expectations as of that date. For additional information with respect to these and other factors, see the MD&A for the quarter ended April 30, 2025 filed with the Canadian securities commissions and available on SEDAR at

Kheiriddin: Finally, Canada is making defence a priority
Kheiriddin: Finally, Canada is making defence a priority

Montreal Gazette

time22 minutes ago

  • Montreal Gazette

Kheiriddin: Finally, Canada is making defence a priority

By Damn the torpedoes! The Liberal government is taking aim at defence — and it's about time. This week, Prime Minister Mark Carney announced that Canada will hit the NATO benchmark of two per cent of GDP on defence spending this year, instead of waiting for 2032, deploying an additional $9 billion in 2025-2026. Ever the banker, he's also deploying some accounting manoeuvres, shifting $16 billion from the ledgers of other departments to the defence budget to bring it up to the required amount. But that is in line with the tabulations of other NATO countries — and is something predecessor Justin Trudeau should have done, so that Canada would have appeared to be less of a defence laggard for the last decade. But better late than never — and perhaps, just in time. Carney's announcement comes just ahead of next week's G7 summit he is hosting in Kananaskis, Alta., and a meeting of NATO leaders later this month in The Hague. The change sends a message to U.S. President Donald Trump and EU allies that Canada means business on defence. Together with the government's border security bill announced this week, Carney is paving the way for a trade deal, or at least some relief from tariffs, with the United States. His spending boost will sit well with his recent pledge to join ReArm Europe, in light of upcoming NATO demands that members spend five per cent of GDP in coming years, instead of two. Carney also gets a gold star for actual change. The government will beef up salaries, recruitment and retention of troops, finally acknowledging that new equipment is pointless without skilled personnel. Ottawa will also overhaul the procurement process, a boost for the Canadian defence industry which could offset some of the costs to taxpayers through job creation and revenue. That could also help sell future spending hikes: While polling shows two-thirds of Canadians support spending two per cent on defence, there's not much appetite for five. But as always, a landmine looms on the horizon: in this case, the infamous F-35 program. On Tuesday, Auditor-General Karen Hogan dropped a bombshell. Canada's planned fleet of 88 F-35 jets is now projected to cost nearly 50 per cent more — from $19 billion in 2022 to a staggering $27.7 billion in 2025. And that's before factoring in infrastructure upgrades, weapons and inflation. Hogan's audit was brutal: the Department of National Defence relied on outdated cost estimates, ignored improved data and has no coherent contingency plan in place. Infrastructure to house the jets is running three years behind schedule, with some bases not expected to open until 2031. The RCAF is also short on qualified pilots — something it knew back in 2018, but which for the previous government was presumably not a priority. Canada needs stealth fighters. We don't, however, need another lake of red ink. Instead of sticking with 88 F-35s at $27 billion-plus for the fleet, Canada should look at Sweden's Gripen, Boeing's Super Hornet or a mix of planes. If Carney approves the F-35 as-is, that failure will become the focus, instead of his ambitious plans to rearm. Defence Minister David McGuinty hasn't committed to a review of the project, saying only that he'd ensure that the auditor general's recommendations will be 'fully integrated' into his department. But he should, especially now that Canada is also building stronger ties with Europe, be considering where some of these planes could be sourced. The reality of modern warfare is also changing, pivoting from planes to drones and battlefields to cyberspace. While the proposed spending spree would drop money on both, the trend to smarter spending versus splashing out big shiny toys could help keep costs down. Ukraine has made significant use of $300 drones, recently taking out $100 million Russian bombers in a daring assault. That's the kind of smart thinking Canada's government should copy as it rebuilds our military for the future — one that looks increasingly grim.

Varcoe: New poll shows energy security, exports drive growing Canadian support for pipelines — as Smith pitches West Coast line
Varcoe: New poll shows energy security, exports drive growing Canadian support for pipelines — as Smith pitches West Coast line

Calgary Herald

time27 minutes ago

  • Calgary Herald

Varcoe: New poll shows energy security, exports drive growing Canadian support for pipelines — as Smith pitches West Coast line

Article content Alberta is speaking to major pipeline operators that have successfully built projects in Canada, and 'we hope that we'll be able to have more to tell you in a few weeks,' Smith told reporters. Article content 'We know that it's a chicken-and-egg problem, that no one's going to come forward with a project without some guarantee that it's going to be approved,' she added. Article content 'What we're going to do is walk with that group, to test out the two-year timeline and see if we can get on the project list.' Article content Article content At last week's first ministers meeting, Smith talked about striking a grand bargain that would allow new pipelines to move ahead along with decarbonization initiatives, such as the carbon capture network proposed by the Pathways Alliance consortium of oilsands operators. Article content Federal Natural Resources Minister Tim Hodgson voiced support in Calgary last month for the group's $16.5-billion carbon capture development in northern Alberta. Article content Article content 'At the moment, that's 100 per cent cost,' Smith said of the capital expenses tied to the massive proposal. Article content 'If you couple it with a million barrel per day pipeline, well, that allows you $20 billion worth of revenue, year after year after year, for the lifetime of that project.' Article content Pathways is a consortium of the country's largest oilsands operators, including Cenovus Energy and Canadian Natural Resources, and it's been working on the carbon capture proposal for several years. Article content However, the group has said it needs more government assistance before giving the project the green light. Article content 'If we are going to undertake major projects like Pathways, there has to be clear and concrete financial support at both the federal and provincial levels. And we're hopeful we can eventually get there,' Cenovus Energy CEO Jon McKenzie said Tuesday. Article content Article content Canada's track record for getting major pipelines built is complicated, with only two of five major developments pitched in the past 15 years being built. Article content Article content However, the tariff war with the United States has demonstrated the need for Canada to be able to provide domestic energy security to all regions of the country and to diversify its customer base, as more than 90 per cent of Canadian oil and gas exports head south. Article content Several recent polls have shown a majority of Canadians back new oil and gas pipelines in the wake of the trade war with the U.S. Article content A new survey by Nanos Research, conducted last month for the University of Ottawa's Positive Energy research program, highlights the evolving attitudes around pipelines. Article content The Positive Energy poll found 42 per cent of respondents believe there is more agreement today between Canadians about building oil and gas pipelines than five years ago. That's up sharply from 16 per cent in 2021.

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