Brian Zinchuk is editor and owner of Pipeline Online
King Charles waits for a meeting at Rideau Hall in Ottawa on Monday, May 26, 2025. King Charles will deliver the throne speech Tuesday, May 27. THE CANADIAN PRESS/Sean Kilpatrick
OTTAWA – With King Charles III literally on the throne, delivering the speech from the throne, the new Mark Carny-led federal government made its intentions know. On the energy front, it will seek to become an “energy superpower,” yet the throne speech makes no mention of pipelines or energy corridors. It does talk of reducing project approval times from five years to two.
Here are the relevant portions of the speech delivered in the Senate chamber on May 27, with regards to energy:
When my dear late mother, Queen Elizabeth II, opened a new Canadian Parliament in 1957, the Second World War remained a fresh, painful memory. The Cold War was intensifying. Freedom and democracy were under threat. Canada was emerging as a growing economic power and a force for peace in the world. In the decades since, history has been punctuated by epoch-making events: the Vietnam War, the fall of the Berlin Wall, and the start of the War on Terror. Today, Canada faces another critical moment. Democracy, pluralism, the rule of law, self-determination, and freedom are values which Canadians hold dear, and ones which the Government is determined to protect.
The system of open global trade that, while not perfect, has helped to deliver prosperity for Canadians for decades, is changing. Canada’s relationships with partners are also changing.
We must be clear-eyed: the world is a more dangerous and uncertain place than at any point since the Second World War. Canada is facing challenges that are unprecedented in our lifetimes.
Many Canadians are feeling anxious and worried about the drastically changing world around them. Fundamental change is always unsettling. Yet this moment is also an incredible opportunity. An opportunity for renewal. An opportunity to think big and to act bigger. An opportunity for Canada to embark on the largest transformation of its economy since the Second World War. A confident Canada, which has welcomed new Canadians, including from some of the most tragic global conflict zones, can seize this opportunity by recognising that all Canadians can give themselves far more than any foreign power on any continent can ever take away. And that by staying true to Canadian values, Canada can build new alliances and a new economy that serves all Canadians.
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Building new relationships with the United States and the world
The Prime Minister and the President of the United States, for example, have begun defining a new economic and security relationship between Canada and the U.S., rooted in mutual respect and founded on common interests, to deliver transformational benefits for both sovereign nations.
In parallel, the Government is working to strengthen its relationships with reliable trading partners and allies around the world, recognizing that Canada has what the world needs and the values the world respects.
Canada is ready to build a coalition of like-minded countries that share its values, that believe in international co-operation and the free and open exchange of goods, services, and ideas. In this new, fast-evolving world, Canada is ready to lead. This will be demonstrated in June, when Canada convenes the G7 Summit.
—–
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Building a stronger Canada
The Government’s overarching goal – its core mission – is to build the strongest economy in the G7. That starts with creating one Canadian economy out of thirteen. Internal barriers to trade and labour mobility cost Canada as much as $200 billion each year. The Government will introduce legislation to remove all remaining federal barriers to internal trade and labour mobility by Canada Day.
Numerous premiers have already taken vital steps to break down provincial and territorial barriers to trade. Together, we will build on that progress to deliver free trade across the nation by Canada Day. This is critical to unlocking Canada’s full economic potential, but it’s not enough.
To build Canada strong, the Government is working closely with provinces, territories, and Indigenous Peoples to identify and catalyse projects of national significance. Projects that will connect Canada, that will deepen Canada’s ties with the world, and that will create high-paying jobs for generations.
Given the pace of change and the scale of opportunities, speed is of the essence. Through the creation of a new Major Federal Project Office, the time needed to approve a project will be reduced from five years to two; all while upholding Canada’s world-leading environmental standards and its constitutional obligations to Indigenous Peoples.
The Government will also strike co-operation agreements with every interested province and territory within six months to realize its goal of “one project, one review.”
When Canadians come together, Canada builds things that last.
By removing these barriers that have held back our economy, we will unleash a new era of growth that will ensure we don’t just survive ongoing trade wars, but emerge from them stronger than ever. It will enable Canada to become the world’s leading energy superpower in both clean and conventional energy. To build an industrial strategy that will make Canada more globally competitive, while fighting climate change. To build hundreds of thousands of good careers in the skilled trades. And to build Canada into the world’s leading hub for science and innovation.
Critically, the Government will undertake a series of measures to help double the rate of home building while creating an entirely new housing industry – using Canadian technology, Canadian skilled workers, and Canadian lumber. The Government will introduce measures to deliver affordable homes by creating Build Canada Homes. This mission-driven organization will act to accelerate the development of new affordable housing. It will invest in the growth of the prefabricated and modular housing industry. And it will provide significant financing to affordable home builders. The Government will make the housing market work better, including by cutting municipal development charges in half for all multi-unit housing. The Government will drive supply up to bring housing costs down.
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