Alberta, Ottawa, Oilsands Giants Unite on $Billion-Plus Carbon Capture Project

The Pathways carbon capture and storage project has taken a significant step forward after Alberta, Ottawa, and five major oilsands producers signed a memorandum of understanding. The agreement is a condition for a new West Coast oilsands pipeline to move ahead.

The federal government has committed to extending investment tax credits for various carbon capture equipment until 2035. Alberta says it will finalize its own incentive program for carbon capture.

The Pathways project would proceed in stages, with a Jan. 1, 2035, completion date. The consortium behind the Pathways alliance consists of Canadian Natural Resources, Imperial Oil, Suncor, Cenovus, and ConocoPhillips.