Canada Oil and Gas Investment Climate Improves Under Carney
Energy executives say a federal deal with Alberta improves Canada's investment climate. The agreement may pave the way for a new crude oil export pipeline.
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Canada is seeing improved oil and gas investment conditions following a federal-provincial energy deal aimed at accelerating regulatory approvals. The agreement between Prime Minister Mark Carney and Alberta officials targets the construction of a 1-million-barrel-per-day crude pipeline to the West Coast. For investors, the shift signals a potential pivot from capital returns back toward large-scale production growth in the oil sands sector.
