AGP Executive Report
Last update: 43 minutes agoPipeline Opposition: First Nations in B.C. are challenging Ottawa’s national-interest designation for the proposed Pacific Link oil pipeline, which would carry an additional one million barrels a day to a new export terminal. LNG Investment: Blackstone and four Canadian pension funds plan to invest US$3.1 billion for a 49.9% stake in Mitsubishi’s LNG Canada holding company, backing the project’s expansion. Oil and Rates: Suncor reported third-quarter profit of $3.8 billion, up from $1.6 billion a year earlier, as higher prices and margins lifted results; Bank of Canada Governor Tiff Macklem warned the energy price shock can no longer be ignored. Power Supply: Hydro-Québec’s projected deficit could leave the province relying on imports from the U.S. and other provinces. Trade and Energy: Canada and the EU agreed to deepen cooperation on energy and cleantech supply chains, while Trump floated Keystone XL as part of a possible U.S.-Canada trade deal.
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