The Globe and Mail reports in its Wednesday edition that oil and gas chief executive officers are optimistic that a majority government in Ottawa will help accelerate the changes they want to see on energy policies. The Globe's Emma Graney writes that movement is essential, they say, so that Canada can profit as the war in Iran continues to upend energy markets and shakes the structure of global oil and gas markets. That has many governments realizing just how exposed they are to an energy shock and taking a hard look at energy security. Energy watchers say the resulting opportunities for Canadian fossil fuel companies are significant. On Tuesday, Prime Minister Mark Carney said the conflict has reinforced the importance of both energy security and the "the overall energy transition," including a massive carbon-capture project planned for Alberta's oil sands. Brian Schmidt, CEO of Tamarack Valley Energy, says: "I would think you would find today, among my peers, that most are happy we have a majority government. Because regardless of who that is, it's a really important element to move past some of these issues facing the sector. It's going to require tough decisions, and you don't want to be looking over your back all the time."
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