December 5, 2025
On November 27, 2025, the Government of Canada (Canada) and the Government of Alberta (Alberta) signed a Memorandum of Understanding (MOU), setting out a framework for enhanced energy collaboration, regulatory reform and Indigenous partnership. The MOU, announced by Prime Minister Mark Carney and Premier Danielle Smith, aims to position Canada as a global energy superpower while advancing net-zero greenhouse gas emissions by 2050.
Central to the MOU is the commitment to increase Alberta’s oil and gas production to meet Canada’s export and national security needs, while simultaneously reducing the emissions intensity of heavy oil production to achieve “best in class” standards by 2050.
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