The top executive of Canada’s biggest crude shipper says his company won’t consider devoting anything beyond time and expertise to Alberta’s plan for a West Coast bitumen pipeline unless Ottawa overhauls some major environmental policies.

Enbridge CEO Greg Ebel said in a speech to the Empire Club of Canada on Thursday that industry is keen to build and Canada must act urgently if it is to live up to its potential as a global energy player.

“The last 10 years have been a competitiveness disaster for Canada. But the next 10 can be a renaissance. If we choose to lead, this is our second chance. One doesn’t often get second chances,” he said.

Ebel made his remarks a day after Premier Danielle Smith announced $14 million in provincial funding for early regulatory work on a pipeline proposal

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