The Globe and Mail reports in its Tuesday, May 27, edition that oil sands chief executive officers want to collaborate with the new federal government on a major carbon-capture project in Northern Alberta but are awaiting funding decisions. The Globe's Emma Graney writes that Canada's Natural Resources Minister, Tim Hodgson, emphasized the need for the Pathways Alliance project to progress to showcase the oil and gas sector's responsibility to global markets. He stated that while Ottawa aims to make Canada an energy superpower, it needs committed partners who honour their promises to Canadians.
The Pathways Alliance, a consortium of Canada's six largest oil sands companies, has publicly vowed to reach net-zero greenhouse gas emissions from oil sands production by 2050. Central to this goal is a 400-kilometre pipeline to transport captured carbon to a hub near Cold Lake, Alta., which will reduce emissions by 22 megatonnes annually. Pathways CEO Kendall Dilling said, "Pathways Alliance remains committed to continue to work with governments to obtain sufficient levels of fiscal support that are necessary to allow the project to move forward." Cenovus's CEO said Pathways is a priority.
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