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No Pathways, No Pipeline: How the Massive Carbon Storage Project Would Work, if Built
The deal supports a project that aims to cut 16 million metric tonnes of emissions a year and help clear a new pipeline path.
- Prime Minister Mark Carney's government reached an agreement earlier this month with Alberta on industrial carbon pricing, targeting $130 per tonne by 2040 to advance the $16.5 billion Pathways carbon capture project linked to approving a new Pacific coast pipeline.
- Years of deadlock over cost-sharing between companies, Ottawa and Alberta had stalled the Pathways project, as Alberta linked a one-million-barrel-a-day West Coast pipeline expansion to meaningful carbon emissions offsets for increased oilsands production.
- The Oil Sands Alliance, representing five major companies including Cenovus Energy Inc., Imperial Oil Ltd. and Suncor Energy Inc., targets 16 million metric tonnes of annual emissions reductions over two decades, with phase one capturing 6 million metric tons annually by 2035 at $16.5 billion investment by 2030.
- Alberta will unveil its pipeline proposal by July 1 for federal Major Projects Office assessment, with construction approval targeted for September 2027. Brendan Frank, vice-president of policy at Clean Prosperity, said the agreement "represents material progress" offering investors "a lot more certainty."
- Environmental groups including the Pembina Institute argue the carbon price remains insufficient for near-term investment, while Oil Sands Alliance president Kendall Dilling said it creates a "competitive disadvantage" for Canadian producers. Minister of Energy and Natural Resources Tim Hodgson suggested future emissions cuts could employ small modular nuclear reactors powering oilsands operations.
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How the Pathways carbon storage project would work, if built
Alberta's pipeline deal with Ottawa calls for a meaningful offset to carbon emissions. The Pathways project has been in the works for four years, but the companies proposing it and the provincial and federal governments have yet to figure out how to share the costs and risks.
·Canada
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Canada presses oil sands producers on Pathways carbon capture project
Canada’s energy minister said oil sands producers can absorb the costs of the proposed Pathways carbon capture project, even as companies continue raising concerns about carbon pricing and global competitiveness.
·Houston, United States
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Total News Sources9
Leaning Left5Leaning Right1Center2Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 25%
12%
Factuality
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