Latest news with #PathwaysProject
Yahoo
5 days ago
- Business
- Yahoo
'Grand bargain': Alberta Premier Danielle Smith 'encouraged' by federal government's change of tone when it comes to energy
Alberta Premier Danielle Smith says she is 'encouraged' by the federal government's change of tone when discussing energy following Monday's meeting with fellow premiers and Prime Minister Mark Carney. Carney and Canada's 13 premiers gathered in Saskatoon on Monday to discuss the federal government's commitment to fast-tracking 'nation building' projects and breaking down internal trade barriers. He said there is 'real potential' for an 'oil pipeline to get to tidewater.' 'Within the broader context of national interest, the interest is in decarbonized barrels. It provides the development of new industries, it provides economic activity across the West and into the North. There's real potential there,' Carney said. 'We took up a good deal of our time and discussions and potential to move forward on that and, if further developed, the federal government will look to advance.' Smith has been vocal about her list of energy reform demands she wants Carney to address, including repealing Bill C-69 and lifting the emissions cap and said discussions will continue on that front. 'Let's call it the grand bargain,' Smith said in response to a question about pipelines. 'I think the point I was making to the prime minister and my colleagues is that there's lots of ways to decarbonize, but the Pathways Project is an expensive project. It would cost anywhere from $10 billion to $20 billion to get built and to make the economic case for that, having more egress with more barrels to be sold to Asia is the way to pay for it.' She said Carney's readiness to do a 'two-track process' to identify projects and eliminate barriers that are currently in place is also encouraging, pointing to ways of fixing the regulatory processes to make it easier to approve projects moving forward. 'I'm encouraged by the immediate change of tone that we've seen from recent months. I think that there's when we hear the prime minister talking about being an energy superpower. We haven't heard that kind of language for some time on both the conventional and clean power.' At the meeting Carney said leaders discussed a wide range of projects including the Western and Arctic corridor which connects energy critical minerals and trade infrastructure, the Eastern energy partnership and critical minerals pathways. Carney said a number of projects were discussed on Monday and are in various stages and will not all come at the same time. Ontario Premier Doug Ford said this was 'the best meeting' they've had in 10 years and now it's time to put the talking into action. 'I thought it was an incredible meeting, great communication, great collaboration, and we all walked out of that room united, and that's the most important thing. Now, the prime minister is going to go to work, get the legislation passed, and we'll divvy it up,' Ford said. ctran@ X:@kccindytran Premier Danielle Smith says Tuesday's throne speech falls short for Alberta when it comes to meeting energy reform demands Bell: Danielle Smith warns Carney — 'stop foot-dragging' and kill anti-oil policies Bookmark our website and support our journalism: Don't miss the news you need to know — add and to your bookmarks and sign up for our newsletters here. You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. Support us by subscribing today: The Edmonton Journal | The Edmonton Sun.
Calgary Herald
5 days ago
- Business
- Calgary Herald
'Grand bargain': Alberta Premier Danielle Smith 'encouraged' by federal government's change of tone when it comes to energy
Alberta Premier Danielle Smith says she is 'encouraged' by the federal government's change of tone when discussing energy following Monday's meeting with fellow premiers and Prime Minister Mark Carney. Article content Article content Carney and Canada's 13 premiers gathered in Saskatoon on Monday to discuss the federal government's commitment to fast-tracking 'nation building' projects and breaking down internal trade barriers. He said there is 'real potential' for an 'oil pipeline to get to tidewater.' Article content Article content 'Within the broader context of national interest, the interest is in decarbonized barrels. It provides the development of new industries, it provides economic activity across the West and into the North. There's real potential there,' Carney said. Article content Article content 'We took up a good deal of our time and discussions and potential to move forward on that and, if further developed, the federal government will look to advance.' Article content Smith has been vocal about her list of energy reform demands she wants Carney to address, including repealing Bill C-69 and lifting the emissions cap and said discussions will continue on that front. Article content 'Let's call it the grand bargain,' Smith said in response to a question about pipelines. Article content 'I think the point I was making to the prime minister and my colleagues is that there's lots of ways to decarbonize, but the Pathways Project is an expensive project. It would cost anywhere from $10 billion to $20 billion to get built and to make the economic case for that, having more egress with more barrels to be sold to Asia is the way to pay for it.' Article content Article content She said Carney's readiness to do a 'two-track process' to identify projects and eliminate barriers that are currently in place is also encouraging, pointing to ways of fixing the regulatory processes to make it easier to approve projects moving forward. Article content Article content 'I'm encouraged by the immediate change of tone that we've seen from recent months. I think that there's when we hear the prime minister talking about being an energy superpower. We haven't heard that kind of language for some time on both the conventional and clean power.' Article content At the meeting Carney said leaders discussed a wide range of projects including the Western and Arctic corridor which connects energy critical minerals and trade infrastructure, the Eastern energy partnership and critical minerals pathways.
Yahoo
23-05-2025
- Business
- Yahoo
'Energy is Canada's superpower,' says new minister Tim Hodgson
Canada needs to build infrastructure that gets its energy products to the coast and trusted allies to help ensure it remains a reliable global supplier in both conventional and alternative forms of energy for decades to come, said new Energy and Natural Resources Minister Tim Hodgson Friday. 'Energy is power. Energy is Canada's superpower,' he said during a speech at the Calgary Chamber of Commerce on Friday morning. 'It gives us an opportunity to build the strongest economy in the G7, guide the world in the right direction and be strong when we show up at a negotiation table.' To achieve that, Canada needs to build the necessary infrastructure, but also invest in carbon capture, methane reduction and other technologies 'to ensure Canadian oil and gas is not only produced responsibly, but is the most competitive in the world,' he said. Hodgson said that also requires finishing the Pathways Project, which is a carbon capture and storage network in Alberta. 'Your federal government has committed to certainty, to support and to making Canada an energy superpower, but we need a partner who is also willing to make good on their promises to Canadians,' he said. 'We need to demonstrate to our customers outside the U.S., and to our fellow Canadians, that we are a responsible industry, and this government believes Pathways is critical to that reality.' Meet Tim Hodgson, the new energy minister Mark Carney hopes can bridge the gap with the West Political turmoil could derail Pathways Alliance carbon capture project That said, Hodgson said Canada also needs to invest in other forms of energy, such as hydrogen, geothermal, advanced biofuels, renewables and nuclear. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
