Following the recent federal elections, many in Alberta's oil industry express skepticism over Mark Carney's ability to effect significant policy changes that support the energy sector. Grant Fagerheim, CEO of Whitecap Resources, reflected widespread frustration in Calgary's energy community concerning the re-election of the Liberals amid a decade of policies perceived as detrimental to oil and gas. Deborah Yedlin of the Calgary Chamber of Commerce voiced concerns over the federal government's approach to energy regulation, emphasizing the urgent need for focus and support for Alberta's crucial energy exports.
For years, oilpatch leaders have chastised the Liberal government for introducing policies that harm the sector such as the clean fuel regulations, the proposed emissions cap, and changes to the federal assessment of major projects.
There's a general sense of unease in terms of how the Liberals will move forward on an agenda that we know is very important to Alberta,
After replacing Justin Trudeau as prime minister last month, Carney made campaign pledges that would be more supportive of the oilpatch.
In a recent survey of energy executives and investors, ATB Capital Markets found that 'federal energy and environmental policies' were ranked as the top risk facing the Canadian energy sector.
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