Alberta-Ottawa Deal Streamlines Project Reviews, Boosts Investor Attraction

A new agreement between Alberta and Ottawa aims to streamline project reviews for major projects in the oil and gas industry, including those related to oil sands, pipelines, and carbon capture.

The agreement supports recently introduced provincial legislation that ensures approvals for qualified projects are completed within 120 days.

Brad Gilmour, a partner at Osler's Calgary office, believes the new agreement will make Alberta projects more attractive to investors by reducing duplication without compromising environmental protection.