Mark Carney reaches deal with Alberta for oil pipeline opposed by First Nations

"Mark Carney has agreed an energy deal with Alberta centred on plans for a new heavy oil pipeline reaching from the province's oil sands to the Pacific coast a politically volatile project that is expected to face stiff opposition. It's a great day for Alberta and a great day for Canada, the prime minister said on Thursday as he met the beaming Alberta premier, Danielle Smith."

"The premise of the agreement is to increase oil and gas exports while attempting to meet the federal government's climate targets. Carney's government will exempt a possible pipeline project from the existing coastal oil tanker moratorium and emissions cap. In exchange, Alberta must raise its industrial carbon pricing and investing in a multi-billion-dollar carbon capture project. Critically, however, no company has expressed an interest in backing the project, which would probably face stiff opposition from the province of British Columbia"

Mark Carney agreed an energy deal with Alberta focused on a proposed heavy oil pipeline from the oil sands to the Pacific, alongside plans for nuclear power and datacentres. The federal government will exempt a potential pipeline from the coastal oil tanker moratorium and emissions cap in return for Alberta raising industrial carbon pricing and investing in a multi-billion-dollar carbon capture project. No company has committed to the pipeline, which is likely to face opposition from British Columbia and coastal First Nations. The deal signals a political shift for Carney and has prompted criticism within the Liberal party.

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