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Canadian Oil Sands Firms Reach Carbon Capture Deal With Alberta

Canadian Oil Sands Firms Reach Carbon Capture Deal With Alberta
Bloomberg Markets Monday 13 July 2026, 18:05 UTC By Robert Tuttle 1 min read
Key Points

Energy Canadian Oil Sands Firms Reach Carbon Capture Deal With Alberta A group of Canadian oil sands producers reached an agreement with the Alberta and federal governments on next steps toward building a carbon capture and storage system. The deal is part of a “grand bargain” reached last year between Prime Minister Mark Carney and Alberta Premier Danielle Smith that’s meant to pave the way for a new million-barrel-a-day oil pipeline to the Canadian Pacific Coast.

Energy Canadian Oil Sands Firms Reach Carbon Capture Deal With Alberta A group of Canadian oil sands producers reached an agreement with the Alberta and federal governments on next steps toward building a carbon capture and storage system. The deal is part of a “grand bargain” reached last year between Prime Minister Mark Carney and Alberta Premier Danielle Smith that’s meant to pave the way for a new million-barrel-a-day oil pipeline to the Canadian Pacific Coast.
Canadian (ORG) Alberta Energy (ORG) Alberta (LOCATION) Mark Carney (PERSON) Danielle Smith (PERSON) the Canadian Pacific Coast (ORG)
Originally published by Bloomberg Markets Read original →

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