The federal government, Alberta, and five major oilsands companies have announced the signing of a memorandum of understanding that they say will advance the multibillion-dollar Pathways carbon capture and storage project.
The memorandum of understanding (MOU) on the Pathways project was signed July 2, the same day that Alberta submitted its proposal to the Major Projects Office for a new crude oil pipeline from Alberta to the southern coast of B.C.
‘Mutually Dependent’
The July 2 MOU was announced July 13 and proposes to “responsibly” boost oilsands production while lessening carbon emissions. The MOU specifically notes that the proposed new pipeline and the Pathways project are “mutually dependent,” echoing past statements from Prime Minister Mark Carney that any new pipeline will carry “decarbonized” oil….