Canadian Oil Sands Firms Strike Carbon Capture Deal for 1 Million-Barrel Pipeline
Updated
Updated · Bloomberg · Jul 13
Canadian Oil Sands Firms Strike Carbon Capture Deal for 1 Million-Barrel Pipeline
3 articles · Updated · Bloomberg · Jul 13
Summary
Canadian oil sands producers agreed with Alberta and the federal government on next steps toward building a carbon capture and storage system.
The accord advances a broader bargain meant to clear the way for a new pipeline capable of moving 1 million barrels a day to Canada’s Pacific Coast.
That pipeline-linked deal stems from an agreement reached last year between Prime Minister Mark Carney and Alberta Premier Danielle Smith.
The move ties emissions infrastructure directly to expansion plans for oil sands exports, making carbon capture a key condition for the project’s political path.