Fourteen heads of Canada’s largest oil and gas companies called on federal political leaders to declare an “energy crisis” and designate key projects in the national interest to ensure they get built. Signatories include Adam Waterous, executive chairman of Strathcona Resources and a contributor to Build Canada, a group of mostly tech CEOs seeking to boost Canada’s productivity. (The Logic)
Talking point: Trump’s trade threats and Russia’s invasion of Ukraine have brought energy security concerns to the forefront in Canada, and some in the industry see a window of opportunity to build critical infrastructure like pipelines and expand Canada’s exports of oil and liquefied natural gas. “We are at a turning point in Canada’s history and national interest,” the letter begins. The group’s recommendations include declaring an energy emergency and enforcing firm timelines in the federal government’s project approval process. It also calls for terminating the oilsands emissions cap and expanding Indigenous loans to let those communities take equity stakes in projects.