9:52 ET - Canada's biggest energy companies are urging newly-elected Prime Minister Mark Carney to commit to an urgent action plan to support energy development and help strength the country's economic sovereignty. In an open letter to the PM, the CEO's of companies including AltaGas, TC Energy, Imperial Oil, Enbridge and others called for a commitment to firm deadlines for project approvals, reducing the process to within six months. They also want regulation to be simplified, with any decisions able to withstand judicial challenges. Also, the companies want the federal carbon levy on large emitters to be repealed in favor of provincial regulation, and for the unlegislated cap on emissions to be eliminated. The CEOs argue growth in the Canadian oil and natural gas sector supports GDP growth, job creation and tax revenue. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 09:52 ET (13:52 GMT)
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