Carney, Alberta Unveil Plan for Oil Pipeline, Carbon Capture (2)

Nov. 27, 2025, 8:54 PM UTC

Prime Minister Mark Carney unveiled a sweeping energy plan with the province of Alberta that paves the way for a new oil pipeline, a massive carbon capture project and the construction of nuclear power for data centers.

The plan is aimed at reducing Canada’s economic dependence on the US and is meant to “unlock the full potential of Alberta’s energy resources” while creating “hundreds of thousands of new high-paying careers for Canadians,” Carney’s office said in a news release.

Carney told a business audience in Calgary that Canada’s tight interdependence with the US — once a strength — is now ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.