Carbon Pricing Deal Delayed, Pathways Project Faces Opposition

0:00Prime Minister Mark Carney announced that his federal government and Alberta won't hit the April 1st deadline for a carbon pricing deal or the trilateral agreement on a major carbon capture project. This stems from a memorandum of understanding signed last fall with Alberta Premier Daniel Smith, which laid out key energy goals. They may progress on a couple fronts already, like wrapping up a cooperation deal on environmental assessments in early March and striking in early March. Agreement and principle on methane rules last week. The big carbon capture push, called Pathways, is a $16.5 billion network with a 400-kilometer pipeline linking over. 20 oil sand sites to a storage hub, aiming for net zero emissions by 2050. First nations leaders and landowners are pushing back hard, saying they got left out of talks before the MOU dropped. Meanwhile, British Columbia's premier David Ebbie is against a new West Coast pipeline, though Alberta plans to submit a proposal by July 1st, and Emberges CEO just said they're

1:05open to jumping in. Oil prices are spiking, thanks to the war in Iran since February, with the straight of Hormuz, carrying 20 percent of global oil and gas, mostly shut. Down. West Texas Intermediate hit $102 a barrel. Tuesday, Western Canada, selected $83, and TC Energy CEO is urging. Faster approvals for projects amid hungry buyers, like Germany, India, and Japan. Karni Toll reporters after chatting with Smith that talks have real momentum, so expect the right deals soon to keep Canada rolling as a reliable. Energy player, stay informed with Vancouver News today, AI-powered updates on Cori with the story.