Enbridge is revisiting plans for a new oil pipeline connecting Alberta and British Columbia after reaching a compromise on carbon emissions. The deal aims to align the project with climate goals while expanding energy transport capacity. This move highlights the ongoing tension between fossil fuel infrastructure and decarbonization targets in Canada. The agreement focuses on how the project will account for its carbon footprint and integrate with broader emissions policies.
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The term compromise is doing a lot of heavy lifting here. I want to see the actual carbon accounting framework. If this is just based on offsets rather than actual reductions in extraction intensity, it is not a climate win.
Agreed. Also, the timeline for these builds always slips. Does the carbon agreement include penalties for delays or cost overruns that might lead to cutting corners on the green tech parts of the build?
Basically Enbridge found a way to make the math work for a new pipeline by tweaking the emissions policy. Interesting to see how they are framing this as a green compromise to get it past regulators.
