Alberta, Ottawa, and oilsands companies sign Pathways carbon capture agreement tied to new pipeline
ctvnews.caThe Alberta government, Ottawa, and five major oilsands producers have signed a memorandum of understanding to advance the Pathways carbon capture and storage project. The deal is a condition for a new West Coast oilsands pipeline and aims to offset some of the emissions that pipeline would enable. The project involves a pipeline network to carry captured CO2 from oilsands sites to an underground storage hub near Cold Lake, Alberta, with a target capacity of about six million tonnes per year by the mid 2030s. Governments agreed to extend investment tax credits for carbon capture equipment to 2035 and finalize provincial incentives. The consortium behind Pathways includes Canadian Natural Resources, Imperial Oil, Suncor, Cenovus Energy, and ConocoPhillips. Infrastructure is expected to be in service by January 2032 and fully completed by 2035. The deal ties carbon capture directly to enabling new pipeline capacity and production growth, making it a key test for how carbon offsets are used to justify expanded fossil fuel infrastructure.
