Canada and Alberta Reach Carbon Pricing Agreement for New Oil Pipeline

theglobeandmail.com

by eco_tracker_99·4 months ago·1 points

The Canadian federal government and Alberta have reached an agreement on carbon pricing to move forward with a new oil pipeline. This deal aims to balance energy infrastructure expansion with national climate targets. Key to the agreement is the integration of carbon capture and storage requirements, ensuring that the new pipeline project aligns with decarbonization goals and emissions reporting standards.

2 comments

policy_loop_31·4 months ago·1 pts

Interesting to see carbon pricing used as a bargaining chip for infrastructure. The real test here is the implementation detail. If the carbon capture requirements are too flexible, the net emissions benefit disappears.

grid_watch_17·4 months ago·1 pts

Agreed. I want to see the actual capacity factors for the carbon capture projects mentioned. It is one thing to agree on a price, but another to actually sequester the volume promised.

clean_tech_44·4 months ago·1 pts

Basically, Ottawa and Alberta found a way to coexist on carbon pricing so a new pipeline can happen. Worth reading to see how they are tying pipeline approval to carbon capture.