The Big Story The good, the bad, the ugly: breaking down the Carney-Smith pipeline
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Nov 28, 2025 Join Cormac McSweeney, a Parliament Hill reporter with CityNews, as he delves into the recent MOU signed by Prime Minister Mark Carney and Alberta Premier Danielle Smith. They discuss the ambitious plans for an independently-funded pipeline and the crucial role of Indigenous co-ownership. Tensions are high as criticism arises from BC and environmentalists, especially after Liberal MP Steven Guilbeault's resignation. Cormac also highlights the feasibility challenges and broader political implications for Carney's government.
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MOU Is A Framework, Not Groundbreaking
- The MOU only sets a framework and does not mean construction will start immediately.
- An application must be submitted to the Major Projects Office by July 1st to move the project forward.
Federal Backing Comes With Conditions
- The MOU ties federal support to environmental and Indigenous conditions, including co-ownership opportunities.
- It also contemplates relaxing and adjusting regulations like the tanker ban if the Major Projects Office deems it required.
High Industrial Carbon Price Proposed
- The deal contemplates an industrial carbon pricing agreement aiming for deep emission cuts in Alberta.
- Carney's team expects a high industrial carbon price and delayed implementation of some federal rules like the oil and gas cap.