Pathways Carbon Capture Project Holds Up Alberta-Ottawa Deal

0:00Alberta premiere Danielle Smith and Prime Minister Mark Carney are pushing to wrap up their big energy deal, but it's $20 billion carbon capture. Project called Pathways is holding things up big time. They signed a memorandum last November, aiming to fix the rocky oil and gas ties between Alberta and Ottawa, with a deadline that just passed on April. First, this Pathways plan would suck up carbon dioxide from up to 13 oil sand sites around Fort McMurray, pipe it 400 kilometers south, and bury it underground near Cold Lake. Oil sands giants like Suncor and Sinivis say the private sector can't flip the full bill alone, pushing for governments to cover 75%. Of the bill costs, industry folks and experts are split, with some calling it the biggest scheme of its kind ever, but others doubt it'll happen due to the massive price. Tag, premiere Smith faces heat from voters and her own team to deliver. Especially since this ties into dreams of a new West Coast pipeline, which needs Pathways

1:02to kick off. Tax credits already offer up to 62% off eligible costs between federal and provincial help, plus billions more in subsidies for running. The thing through carbon contracts, still, oil sands companies swapped their old alliance name to oil sands alliance, sounding less hyped about it. Expect more talks in the coming weeks, as both sides hustle to make this grand bargain real, balancing emissions cuts, with cranking up Canada's oil, exports. Vancouver News Today, powered by AI bringing you what matters. I'm Corey with The Story.