Canada's Pathways Carbon Capture Project Lowers Emissions Targets

A new agreement between the Canadian federal government and Alberta has reduced the carbon capture goals for the $20 billion Pathways project. The target has been lowered from 22 million tonnes per annum by 2030 to 16 million tonnes by 2035. Critics and analysts suggest this scale back, combined with plans for a new oil pipeline, could lead to higher absolute emissions for the oil sands sector. The project relies on carbon contracts for difference to manage the high capital costs of the infrastructure.