Alberta, Canada Federal Gov't Agree on Methane Rules

0:00Alberta and Canada's federal government just reached an agreement in principle on methane rules, a big step under their energy memorandum of, understanding from last fall. The deal targets cutting Alberta's methane emissions by 75% below 2014 levels by 2035. This announcement hit Wednesday just the day after Premier Danielle Smith said in Houston that she doubted they'd meet the April 1st, 2000, 26 deadlines. Smith was there for the Sarah Week Energy Conference, joined by federal energy minister Tim Hodgson and Nova Scotia's Premier, Tim Houston. Two of the four key items tied to that deadline are now done, including an earlier draft on environmental assessments. The human angle here shows quit progress, despite earlier pessimism, giving some stability to energy markets. The two holdouts are a carbon pricing pact and a three-way deal with oil sands firms on the Pathways Carbon Capture Project, with about a week left to stay on track. Looking ahead, Alberta plans to submit its West Coast pipeline proposal by July 1st,

1:04fueled by spiking oil prices from tensions in Iran. Smith expressed confidence in drawing foreign investors and sovereign funds, as West Texas Intermediate trades around $90 a barrel, and Western Canada select at $76. This momentum could reshape energy ties between the provinces and Ottawa. I'm Corey with The Story, that's your Vancouver News Today update, AI-powered and always on.