Carney Is Already Changing His Tune On Energy Pipelines

Prime Minister Mark Carney appears to be re-evaluating his stance on pipelines as the centerpiece of Canada’s strategy to address a “crisis” he blames on growing trade tensions with the US.

During an interview on the popular Quebec talk show Tout le monde en parle, Carney acknowledged that while major projects are necessary for economic stability, pipelines may or may not be the immediate priority.

“We must choose a few projects, a few big projects. Not necessarily pipelines, but maybe pipelines, we’ll see,” he said in French on the program. This shift came after host Guy Lepage pressed Carney on his earlier pledge to make Canada an energy superpower that could better resist what Carney calls aggressive trade policies from President Donald Trump’s administration.

Altamira Gold Corp. — sponsored Sponsored · Altamira Gold Corp.

Carney cited the need to reduce Canada’s reliance on foreign oil, though he overstated the percentage of foreign imports in Quebec, saying it was 70% when experts place the figure closer to 40%.

The leader’s comments on energy policy have fluctuated in recent months. Earlier in the year, he suggested his government might employ “emergency powers” to fast-track energy infrastructure projects, pledging that Canada would “build some new pipelines for conventional energy.” Shortly thereafter, he indicated in French that he would not force pipelines on any unwilling province, a statement clarified by his campaign to mean that provinces would be consulted before advancing any project.

Carney argued that Canada should also invest in carbon capture technology, hoping to align the national energy sector with environmental goals and bolster competitiveness in markets such as the European Union. At a subsequent meeting with provincial leaders, he announced plans to establish a national energy and trade corridor, sparking debate about whether federal money should finance oil and gas pipelines.

Carney himself avoided a definitive answer, remarking that the matter “is not black and white” and left open the possibility of future government participation.


Information for this story was found via National Post and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

2 Responses

  1. When Carney says national energy and trade corridor he doesn’t mean pipeline btw. Energy infrastructure is NOT a synonym for pipeline. Agreeing to build some pipelines is a moderate and reasonable approach, and saying he won’t shove it down the throats of an unwilling province is also a fair and measured approach. It is called collaboration and leadership. None of this is waffling or “changing his tune” as your misleading headline suggests.

Video Articles

Why Is This $1.5 Billion Gold Story Worth Just $37 Million? | Fredonia Mining PEA

This Copper Stock Exploded Before Anyone Knew the Grade | Decade Resource

Silver Miners Will Crush Gold Miners | Adrian Day

Recommended

Krait Critical Minerals Closes Acquisition of Nevada Hills Antimony and Its Two Washington Projects

PTX Metals Completes 1,209-Metre Phase 1 Drill Program at Shining Tree Gold Project

Related News

Mark Carney Expected To Call Snap Election on Sunday

Canadian Prime Minister Mark Carney is set to announce a snap federal election on Sunday,...

Thursday, March 20, 2025, 11:01:00 AM

Carney Turned Down Shopify President Role Before Joining Brookfield

Canadian e-commerce giant Shopify (NASDAQ: SHOP) offered Prime Minister Mark Carney a job as company...

Monday, April 28, 2025, 07:34:13 AM

Gunn and Thériault Want Lobbying Commissioner to Investigate Carney’s Condo Plan

The letter names Vancouver's "Condo King" and a developer's chief of staff who also chairs...
Tuesday, August 11, 2026, 12:53:22 AM

Dimon Disputes Carney’s Middle-Powers Strategy: “It’s a Fantasy”

JPMorgan Chase CEO Jamie Dimon challenged the economic logic behind Prime Minister Mark Carney’s middle-power...

Thursday, June 25, 2026, 10:10:00 AM

Mark Carney Lied About Firm’s US Move, Conservatives Say, But Liberal Minister Shows Support

Recent developments have thrust former Bank of Canada Governor Mark Carney into an intense spotlight,...

Friday, February 28, 2025, 12:57:00 PM