Mark Carney’s oil policy isn’t a political gambit. It’s an economic imperative
Prime Minister Mark Carney's government is shifting focus towards increasing oil and gas production in Canada, aiming to attract private investment. This strategy is seen as an economic imperative rather than a political maneuver, with potential benefits including job creation and increased tax revenues. The government plans to push for a new pipeline to the Pacific, which is crucial for boosting production and investment in the sector.
- ▪The Labour Party in Britain has pledged to ban new oil and gas exploration licenses.
- ▪Mark Carney's government aims to increase Canadian oil and gas production to attract private investment.
- ▪A new pipeline to the Pacific is central to Canada's strategy for boosting oil production.
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Open this photo in gallery:Prime Minister Mark Carney delivers remarks at a Board of Trade breakfast in Vancouver on Wednesday.ETHAN CAIRNS/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountIn its 2024 election manifesto, Britain’s Labour Party promised that, if it formed government, “we will not issue new licences” to find or develop new oil and gas fields. The party won the election while pledging a steady decline in North Sea oil production.Earlier this month, in the King’s Speech – their version of the Speech from the Throne – Prime Minister Keir Starmer announced his intention to pass a bill imposing the promised ban on oil and gas exploration.Also this month, his government announced that, in a bid to keep a lid on high fuel prices –…
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