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Mark Carney courts oil industry in bid to Trump-proof Canada’s economy

Prime minister and head of the Liberal party touts ‘grand bargain’ with fossil fuel sector

Mark Carney has vowed to work with Canada’s oil industry to boost production and reduce emissions, as the new prime minister touts an economic agenda to face down Donald Trump’s tariff threats.

The Canadian leader met senior oil executives in recent days, extending an olive branch to a sector that become hostile to the Liberal government in Ottawa under Carney’s predecessor Justin Trudeau.

Carney offered tentative backing for new pipelines and a multibillion-dollar project to capture carbon from Alberta’s oil sands, describing a “grand bargain” to support new energy exports while reducing emissions.

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