Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a memorandum of understanding regarding the energy sector and pipelines

Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a memorandum of understanding on Thursday that is aimed at “establishing Canada as a global energy superpower” and paving the way for a new oil pipeline. The pact will suspend clean electricity regulations in Alberta in exchange for an extension of Alberta’s industrial carbon pricing program. It also commits Carney’s government to considering an “adjustment” to the federal oil tanker ban off British Columbia’s coast.

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