19:35:57 EDT Thu 02 Oct 2025
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MEG Energy Corp
Symbol MEG
Shares Issued 254,378,035
Close 2025-10-01 C$ 28.16
Market Cap C$ 7,163,285,466
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Globe says Suncor, rivals see Smith push pipelines

2025-10-02 08:06 ET - In the News

See In the News (C-SU) Suncor Energy Inc

The Globe and Mail reports in its Thursday edition that in the absence of private investors willing to take on the risk of building a new pipeline across British Columbia, Alberta Premier Danielle Smith said her province will be the proponent. The Globe's Campbell Clark writes that Ms. Smith wants the pipeline on the next list of federally backed major projects that Prime Minister Mark Carney is to announce in November. Until now, it had been relatively easy for Mr. Carney to push the building of a pipeline into the tomorrow-world of things that are not even on the drawing board yet. B.C. Premier David Eby has been able to steer away questions about a pipeline through his province by noting that there was no actual project. Now all that gets a little harder and messier. Mr. Eby called Ms. Smith's announcement taxpayer-funded wedge politics. "We need a major projects office at the federal level," he said. "Not a major distractions office." Ms. Smith said the provincial government will lead a group that will define the project and steer an application to be put to Ottawa's Major Projects Office, and then hopes to turn the project over to private investors who would build it. For Ms. Smith, it is obviously good politics.

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