Danielle Smith calls on Carney to speed up major project approvals
Prime Minister Mark Carney’s major projects office, established last year, currently aims to complete regulatory reviews within two years.
Smith, in a letter to Carney shared on social media Friday, said that two years is too long, considering the recent U.S. capture of Venezuelan President Nicolas Maduro and U.S. President Donald Trump’s plan to ramp up oil production in the South American country.
“Renewed Venezuelan crude production, supported by United States investment, will ultimately increase the amount of heavy oil bound for U.S. refineries and directly compete with Canadian production for limited refining capacity,” Smith said in the letter.

The premier, who said she had a “positive” meeting with Carney on Friday discussing the developments in Venezuela, has previously said Maduro’s capture underscored the need for new pipelines, including one to the West Coast being pitched and planned by her government.
Smith’s letter says an application for such a pipeline will be submitted by June, and asks that it be approved no later than fall.
Get breaking National news
For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
A route for the pipeline and a private-sector proponent have yet to be determined.
Smith said in her letter that “within the current geopolitical context, timelines of up to two years are still woefully long” and put Canada at risk, especially since the U.S. is accelerating its own oil and gas projects.
“Any delay risks ceding market share, losing investment, and undermining Canada’s competitive position in a rapidly changing global energy landscape.”
Trump met with executives from 17 major oil companies Friday, saying he expected at least US$100 billion in investments to expand oil production in Venezuela, which has the largest proven reserves in the world.
The president also promised “government protection” for those investments, saying the U.S. was able to work with Delcy Rodriguez, Venezuela’s interim president, and that the companies would be dealing with his administration directly when it comes to oil production.
Smith’s letter says there is proven demand for Alberta’s heavy oil in Asia and that a new pipeline — and an expansion of the existing Trans Mountain pipeline connecting her province to the B.C. tidewater — would secure further investments and stabilize oil prices, which make or break her government’s budgets.
“As a stable democracy with some of the most modern, efficient and lowest emissions intensity oil produced globally, Canada is uniquely positioned to significantly expand its role in global energy markets,” Smith wrote.
“The federal government must act with urgency to seize this opportunity, safeguard long-term economic security, and secure our energy future.”
Carney’s office wasn’t immediately able to comment on Smith’s calls for quicker project approvals.
Regarding Smith’s concerns about the competitiveness of Canadian oil, the Prime Minister’s Office pointed to comments he made earlier this week in France.
Carney told reporters in Paris on Tuesday that he thought Canada’s oil would remain competitive because it is low-risk and low-cost.
— With files from The Associated Press
© 2026 The Canadian Press
Discover more from stock updates now
Subscribe to get the latest posts sent to your email.


