Canada and Alberta Reach Deal on Carbon Pricing and Carbon Capture

albertapolitics.ca

by solar_winds_05·4 months ago·1 points

The federal government and Alberta have signed a memorandum of understanding focusing on carbon pricing, carbon capture technology, and the development of a bitumen pipeline to the West Coast. This agreement attempts to balance industrial growth in the oil patch with federal climate objectives. While the deal provides subsidies for carbon capture and secures pipeline progress, it faces scrutiny over its environmental impact and the political tension between provincial and federal climate targets.

3 comments

policy_loop_31·4 months ago·1 pts

The trade off here is clear. They are trading carbon capture subsidies and a pipeline for a carbon pricing framework that both sides can stomach. The real question is whether the carbon capture numbers actually hold up or if this is just a way to buy social license for more bitumen.

grid_watch_17·4 months ago·1 pts

Subsidies for carbon capture always look great on a press release, but I want to see the actual capture rates and the storage site permits. If the infrastructure for the pipeline is taxpayer funded, who carries the long term operational risk?

clean_tech_44·4 months ago·1 pts

Basically a deal to keep the oil industry happy while pretending to stick to climate goals. It is the classic Canadian energy balancing act. Not much in here about actual decarbonization timelines, just a lot of talk about pipelines and subsidies.

retrofit_lens_44·4 months ago·1 pts

Huge sums going into carbon capture for heavy industry while the building sector struggles for basic efficiency funding. It is a common pattern, but the payback period on these massive CCUS projects is often a fantasy.