11:43:30 EDT Tue 26 May 2026
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Imperial Oil Ltd
Symbol IMO
Shares Issued 483,592,715
Close 2026-05-25 C$ 178.65
Market Cap C$ 86,393,838,535
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Globe says CNRL, rivals see PM defend energy policies

2026-05-26 07:30 ET - In the News

See In the News (C-CNQ) Canadian Natural Resources Ltd

The Globe and Mail reports in its Tuesday, May 26, edition that Prime Minister Mark Carney is downplaying concerns about his government's environmental policies, asserting that the new climate plan will endure despite calls for changes from the oil and gas sector. The Globe's triple bylined item led by Marieke Walsh reports that since taking office last year, the PM has dismantled key elements of the Trudeau-era climate plan, claiming they were ineffective, but this has left some members of his Liberal caucus feeling uneasy. Climate and energy experts are wary of the fine print in Ottawa's pipeline deal with Alberta, particularly the $1.2-billion exit clause if a future government cancels the plan. They highlight concerns about changing policies and the potential implications once a new pipeline is built. The PM rejected that concern. "You don't break a contract as a government, certainly not in Canada," Mr. Carney said. However, The Globe says changing policies of past governments is common, especially around climate change and renewable energy. Even after the concessions that Mr. Carney's government has already made, the Oil Sands Alliance industry group told The Globe in a recent interview that more are needed.

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