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flag Canada’s new Major Projects Office aims to speed up energy projects amid debate over regulatory reform and climate goals.

flag Canada's new Major Projects Office aims to fast-track energy projects, drawing industry praise but no consensus on a "grand bargain." flag Industry leaders urge sweeping changes, including repealing the northern B.C. flag tanker ban, overhauling the Impact Assessment Act, removing emissions caps, and slashing approval timelines. flag They advocate a "three-legged stool" of expanded pipelines, increased oil production, and carbon capture like the Pathways Alliance project. flag Despite the Carney government’s pledge to make Canada an energy superpower, regulatory hurdles persist, with past policies blamed for a 56% drop in oil and gas investment. flag Critics argue that uncertainty, duplication, and strict regulations deter investment, while former environment minister Catherine McKenna and energy executives question the effectiveness of current climate plans. flag A climate competitiveness strategy is expected later this year.

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