A group of 14 energy CEOs have written a letter to all major federal parties urging them to declare an “energy crisis” in Canada and use emergency powers to relax regulations within the industry and increase production levels.
The CEOs, who represent the 10 largest oil and gas companies and four largest pipeline companies in Canada, suggest several measures to support oil and natural gas investment and “remove the barriers we have imposed on ourselves over time.”
“By declaring a Canadian energy crisis and key projects in the ‘national interest’ the federal government will be able to use all its available emergency powers to ensure that the dramatic regulatory restructuring required to expand the oil and natural gas sector is rapidly achieved,” they said in the March 19 letter….