Ottawa, March 7 -- Canada and the province of Alberta have proposed a new co-operation agreement aimed at accelerating approvals for major infrastructure projects, part of Canada's broader effort to diversify its economy and strengthen energy development.

Prime Minister Mark Carney and Alberta Premier Danielle Smith on Friday released a draft Canada-Alberta Co-operation Agreement on Environmental and Impact Assessment, which will be open for public consultation for 21 days.

Officials say the framework aims to streamline regulatory reviews while maintaining environmental protections and respecting Indigenous rights.

The proposal builds on similar agreements Ottawa has already reached with the governments of British Columbia, New Brunswi...