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Imperial Oil Ltd
Symbol IMO
Shares Issued 517,860,941
Close 2024-11-27 C$ 102.69
Market Cap C$ 53,179,140,031
Recent Sedar Documents

Globe says MEG, rivals see Smith take fight to Ottawa

2024-11-27 08:10 ET - In the News

See In the News (C-MEG) MEG Energy Corp

The Globe and Mail reports in its Wednesday edition that the struggling Trudeau government faces pushback from Alberta regarding its emissions cap on oil and gas production. The Globe's Kelly Cryderman writes that Premier Danielle Smith plans to use the Sovereignty Act to obstruct the federal policy aimed at reducing greenhouse gas emissions from the sector by 2032. Alberta views the cap as a threat to its main industry and is ready to act, with a motion set to prevent federal officials from accessing oil and gas sites by 2026, when emissions data collection is scheduled to begin. The conflict between Edmonton and Ottawa is escalating, raising concerns about potential confrontations between provincial and federal officials. A draft motion suggests declaring oil and gas sites "essential" under Alberta's Critical Infrastructure Defence Act to prevent environmental blockades. The United Conservative Party government will prohibit provincial entities from aiding in the implementation of the cap and seeks to classify all Alberta greenhouse gas emissions data as proprietary. Ms. Smith's Sovereignty Act was passed to allow Alberta to push back against what it deems to be federal overreach, even before the courts weigh in.

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