Canada's Oil Sands Alliance reaches agreement to advance Pathways Carbon Capture and Storage Project

Canada’s federal government, Alberta, and the Oil Sands Alliance agreed to advance the Pathways Carbon Capture and Storage (CCS) Project, a required condition to proceed with a new West Coast oil pipeline. The development reduces a key policy/implementation hurdle for pipeline progress, supporting sentiment around the project timeline, though no financial metrics were provided.

Analysis

Canada’s federal government, Alberta, and the Oil Sands Alliance agreed to advance the Pathways Carbon Capture and Storage (CCS) Project, a required condition to proceed with a new West Coast oil pipeline. The development reduces a key policy/implementation hurdle for pipeline progress, supporting sentiment around the project timeline, though no financial metrics were provided.