The agreement reached between Prime Minister Mark Carney and Alberta Premier Danielle Smith marks one of the most significant federal concessions to Alberta’s energy sector in years. By scrapping key regulations and opening the door to new pipeline capacity, the deal signals a major shift in Ottawa’s approach to oil, gas and resource development. The agreement is more detailed, thoughtful and comprehensive than anyone — perhaps other than Smith and Carney — was expecting.

Often when governments sign memorandums of understanding, they are vague to the point of being non-committal. That’s not the case with this particular agreement. Gone is the emissions cap on the oil-and-gas sector that the federal government was slated to implement. Also gone are the clean electricity regulations as th

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