Alberta, Ottawa and oilsands companies reach Pathways agreement
The deal sets a staged path for the project and targets 6 million tonnes of captured carbon dioxide a year by the mid-2030s.
- Alberta government, Ottawa and five major oilsands producers signed a memorandum of understanding today to advance the multibillion-dollar Pathways carbon capture and storage project, with consortium members including Canadian Natural Resources, Imperial Oil, Suncor, Cenovus and ConocoPhillips.
- Prime Minister Mark Carney and Alberta Premier Danielle Smith announced the proposed West Coast pipeline in Calgary on July 2, making Pathways a condition for that project's advancement with staged implementation through January 1, 2035.
- Smith said she 'changed her mind on carbon tech' while Carney indicated he is 're-calibrating his own thinking,' as Alberta finalizes its own incentive program and the federal government extends investment tax credits for carbon capture equipment to 2035.
- With the memorandum signed, the West Coast pipeline can now advance as Pathways proceeds in stages toward January 1, 2035, establishing formal commitment structure from the five-member consortium.
- Extended federal tax credits through 2035 align with the project completion date, ensuring sustained financial support, while coordinated Alberta incentive programs and federal backing create a predictable investment environment for carbon capture development.
45 Articles
45 Articles
Feds, Alberta, and Oilsands Companies Sign Deal to Move Forward With Pathways Carbon Capture Project
The federal government, Alberta, and five major oilsands companies have announced the signing of a memorandum of understanding that they say will advance the multibillion-dollar Pathways carbon capture and storage project. The memorandum of understanding (MOU) on the Pathways project was signed July 2, the same day that Alberta submitted its proposal to the Major Projects Office for a new crude oil pipeline from Alberta to the southern coast of …
Agreement reached on multibillion-dollar Pathways carbon capture and storage project
Alberta's government, Ottawa and five major oilsands producers have signed a memorandum of understanding to advance the multibillion-dollar Pathways carbon capture project, a condition for a new West Coast pipeline moving ahead.
This carbon capture and storage project is a prerequisite for any new pipeline.
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