Carney reiterated that as the U.S. transforms all of its trading relationships, many of Canada’s strengths – based on those close ties to America – have become its vulnerabilities. “Over 95% of all our energy exports went to the States. This tight interdependence – once a strength – is now a weakness,” Carney said.

OTTAWA — Prime Minister Mark Carney has agreed to suspend clean electricity regulations in Alberta and will consider making an “adjustment” to the federal oil tanker ban off British Columbia’s coast to pave the way for construction of a new oil pipeline.

Mark Carney and Danielle Smith inch toward a pipeline détente, while Pierre Poilievre shakes up his campaign team — all on this week’s Playbook Canada podcast.

Prime Minister Mark Carney and Alberta Premier Danielle Smith have jointly agreed on a path forward for a new bitumen pipeline to the B.C. coast — a hugely significant development that the federal government is framing as a chance to further develop Alberta's energy sector,

Among expected features of memorandum of understanding is an exemption for the province from clean energy regulations

Prime Minister Mark Carney was in Calgary Thursday for the event, joined by Alberta Premier Danielle Smith at the McDougall Centre — the centre of the provincial government in the city’s downtown core. “This is a really great day for Albertans,” Smith told the PM before the signing ceremony took place.

Carney is also planning to make an appearance at the weekly caucus huddle, where the rumoured deal with Alberta — and, more specifically, reports that suggest it could clear the way for a new pipeline through Northern British Columbia — is all but guaranteed to dominate what is likely to be a highly-charged closed-door discussion.

Prime Minister Mark Carney and Alberta Premier Danielle Smith are set to announce a memorandum of understanding on energy in Calgary Thursday, over the objections of B.C. Premier David Eby.