12:20:32 EDT Wed 08 Jul 2026
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Imperial Oil Ltd
Symbol IMO
Shares Issued 483,592,715
Close 2026-07-07 C$ 165.41
Market Cap C$ 79,991,070,988
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Globe says CNRL hears Premier's pipeline propaganda

2026-07-08 08:41 ET - In the News

See In the News (C-CNQ) Canadian Natural Resources Ltd

The Globe and Mail reports in its Wednesday edition that Alberta Premier Danielle Smith's announcement of a pipeline proposal with Ontario Premier Doug Ford, after unveiling another project with Prime Minister Mark Carney, raises concerns about Canada's energy policy. The Globe's guest columnist Thomas Gunton writes that a pipeline project announced with Mr. Carney will transport one million barrels of oil daily to the Roberts Bank terminal in Delta, B.C., while another project will carry up to 800,000 barrels daily to Eastern Canada. Neither pipeline has a private-sector proponent. They are supported by politicians using public funds. Ms. Smith argues that government involvement is needed due to regulatory uncertainty, citing the cancellation of Enbridge's Northern Gateway as a reason for the high risks in building new pipelines. What she does not say is that Enbridge has completed a major pipeline since the Northern Gateway cancellation and is expanding its system with other private-sector projects like Keystone XL-Bridger -- all without taxpayer support. Also, the Carney government has recently reduced regulatory risk by streamlining the approval process with the Building Canada Act and the Major Projects Office.

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