Summary
OTTAWA — Minister of Canadian Identity Steven Guilbeault stated that the decline in demand for oil and gas pipelines is not a threat to national unity, suggesting that by 2028-2029, global oil demand will peak. He emphasized maximizing existing pipeline capacity, though his claim about the Trans Mountain Expansion Project’s utilization was disputed by analysts. Meanwhile, Prime Minister Mark Carney expressed willingness to approve new pipelines with interprovincial consensus and plans to revise key climate policies to support Canada’s energy ambitions, as newly appointed Energy Minister Tim Hodgson is eager to advance these goals.
