Advancement of the Canada-Alberta MOU Agreement: Pipeline, CCS, and Carbon Markets
About this episode
The episode discusses updates to the Canada-Alberta MOU on carbon markets and energy policy, focusing on a proposed oil pipeline to Asian markets and its implications.
On May 15, Alberta and Ottawa announced updates to their MOU on carbon markets and energy policy, aimed at advancing a greenfield oil pipeline proposal to Asian markets by July 1, with possible construction readiness after September 2027. The agreement lowers industrial carbon compliance costs and introduces a TIER price floor (called a minimum transfer price), although industry groups still argue that costs remain too high. The new framework also introduces additional complexity and uncertai...
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