TC Energy CEO Says Carney’s Resource Project Reforms Fall Short

The top executive of North American pipeline operator TC Energy Corp. said Canada’s process for approving energy infrastructure projects is still far too slow, despite Prime Minister Mark Carney’s efforts to reform it.

Chief Executive Officer François Poirier again called on the government to offer a six-month timeline to energy companies applying for key permits. Carney opened a new agency called the Major Projects Office last year to steer proposals to approval within two years, but that’s not competitive in a world where energy demand is rising, the executive said.