"Gripping Article/Discussion on Carney Pipeline Deal "- Gene McGuckin
Nov. 27, 2025
Liberal prime ministers aren’t supposed to get standing ovations in Calgary, much less from a room packed full of mostly-Conservative business leaders and provincial cabinet ministers who spent the better part of a decade honing their hatred of the Trudeau government. But Mark Carney, for better or worse — more on that in a moment — is clearly not your average Liberal prime minister. After all, he got two standing ovations.
A forthcoming deal between the federal government and Alberta for a new oil pipeline, reportedly set to be announced Thursday, promises to ignite a political firestorm.
Earlier this year, the Canada Pension Plan Investment Board dropped its net-zero greenhouse gas emission commitment.
The board managing Canada’s largest pension fund has committed an estimated $7.1 billion to new oil, gas, coal and pipeline assets in the last year despite facing litigation for allegedly mismanaging climate related financial risks in its investment portfolio.
With the federal and Alberta governments touting an imminent deal on a new oil pipeline to British Columbia’s northwest coast, analysis released Thursday morning concludes that investors in Canadian oil and gas will face serious financial risk—and provincial revenues from the industry could fall 82%—as the global energy transition unfolds through the 2030s.
The federal budget survived another critical confidence vote, but the timing is preventing Canadian officials from participating in key international climate negotiations now going down to the wire in Brazil.
MPs must be in Canada to vote electronically, so Environment and Climate Change Minister Julie Dabrusin and Minister of Canadian Identity and Culture Steven Guilbeault, effectively the country’s nature minister, flew back from COP30 last Friday to cast their votes in favour of the federal budget.
The federal government is open to helping First Nations buy into the Ksi Lisims LNG export terminal or its related infrastructure as opposition to the projects grows.
