For Ottawa and Alberta, the hardest part of agreeing on a pipeline plan is just beginning
The negotiations between the Canadian government and Alberta over a new oil export pipeline are facing challenges, particularly regarding the economic viability of a carbon-capture project. Prime Minister Mark Carney and Alberta Premier Danielle Smith have announced key terms of their agreement, but energy producers are concerned about the additional costs imposed by carbon pricing. The success of the memorandum of understanding hinges on reaching a consensus that balances environmental goals with industry competitiveness.
- ▪The Canadian government and Alberta are in talks over a new oil export pipeline that is contingent on a carbon-capture project.
- ▪Energy producers are hesitant about the financial implications of carbon pricing and other federal regulations.
- ▪The negotiations have been prolonged, with no new deadline set for their completion.
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Open this photo in gallery:Alberta Premier Danielle Smith and Prime Minister Mark Carney trumpeted the completion of crucial terms of their pipeline memorandum of understanding last week.Jeff McIntosh/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGovernments and oil sands producers are clashing on whether building a massive carbon-capture plant in Alberta is economically viable, setting up difficult talks that could make or break a landmark deal aimed at easing the way for a new oil export pipeline.Prime Minister Mark Carney and Alberta Premier Danielle Smith trumpeted the completion of crucial terms of their memorandum of understanding last week, including a carbon-pricing deal and support for a million-barrel-a-day pipeline to the…
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