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Athabasca Oil Corp
Symbol ATH
Shares Issued 486,086,591
Close 2025-11-27 C$ 7.61
Market Cap C$ 3,699,118,958
Recent Sedar+ Documents

Globe says Cenovus, rivals see Smith, PM sign accord

2025-11-28 07:13 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Friday, Nov. 28, edition that Alberta and Ottawa have reached a new energy accord to drive an industrial transformation, marking a shift in Ottawa's relationship with the oil and gas sector. A triple bylined item led by Emma Graney reports that the PM and Alberta Premier Danielle Smith signed a memorandum of understanding in Calgary aimed at positioning Canada as a global energy superpower while meeting climate goals. The MOU lays out the conditions for construction of a new oil pipeline to the West Coast. The deal, which set off alarm bells among environmentalists and some indigenous leaders, follows British Columbia Premier David Eby's vehement opposition to the pipeline. Bloc Quebecois Leader Yves-Francois Blanchet also expressed his disdain for the pipeline. The new pipeline would include indigenous co-ownership. The agreement also suspends clean electricity regulations for Alberta with the proviso that the province increase its industrial carbon price. The MOU says Ottawa will not implement its oil and gas emissions cap. Should the pipeline come to fruition, Ottawa would adjust the current oil-tanker ban so that more bitumen could be exported to Asian markets.

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