Carney, Smith reach energy agreement that could see pipeline construction start in 2027
The deal sets July 1 and Oct. 1 deadlines and links pipeline approval to a carbon-capture project and revised Alberta emissions pricing.
- On Friday, May 15, 2026, Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a climate and energy agreement in Calgary, advancing a plan for a West Coast oil pipeline and a revised carbon-pricing regime.
- The pact phases Alberta's industrial carbon price to $130 per tonne by 2040 while reaffirming both governments' commitment to the Pathways carbon-capture project, which remains a "mutually dependent" condition for pipeline construction.
- Alberta must submit a pipeline proposal to the federal Major Projects Office by July 1, 2026, with Ottawa aiming to designate the project as being in the national interest by October 1, 2026.
- If approvals proceed, design and construction "may commence as early as Sept. 1, 2027," according to the accord, which aims to facilitate oil exports to Asian markets.
- Significant hurdles remain, including the need for First Nations consultations and opposition from British Columbia, alongside the current absence of a private-sector proponent to build the proposed pipeline.
126 Articles
126 Articles
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