The Globe and Mail reports in its Thursday, May 7, edition that Canada's energy policies are too focused on climate and have made resource development and investment in the country uncompetitive with the rest of the world, says Cenovus Energy chief executive officer Jon McKenzie. The Globe's Emma Graney writes that on Wednesday Mr. McKenzie bemoaned the state of Canada's regulatory and investment environment. Mr. McKenzie commented as Ottawa and Alberta discuss a West Coast pipeline following their energy agreement from November. The memorandum of understanding includes a carbon price increase to $130 a tonne, but negotiations are stalled over how quickly Alberta should raise the current price of $95 a tonne. Mr. McKenzie said while having an MOU is all good and well, the very notion of a carbon price drives investment away from the Canadian oil sands sector. Filling a potential new million-barrel-a-day pipeline to the West Coast will take significant production growth in the oil sands. But crucial investment to propel that growth has been hindered by federal policies and a "myopic dialogue" that has been "focused on the climate agenda and climate policy," Mr. McKenzie said.